1. Only joint-stock companies are eligible for listing;

2. To apply for a listed company, the company must have been operating for more than 3 years and has not changed directors or senior management within these three years. personnel, and the company's operations are legal and in compliance with national laws;

3. The registered capital of the listed company is not falsely contributed, and there is no evasion of funds;

4. The registered company's domicile The company has at least 30 million yuan, the publicly issued shares are more than 1/4 of the company's total shares, the total share capital is at least 400 million yuan, and the publicly issued shares are more than 10;

5. Financial status of the listed company:

1. The financial status of the listed company is more than 30 million yuan in net profit in the last three fiscal years;

2. The total number of shares before issuance is at least 30 million yuan;

3. No loss has been made up in the latest period;

4. The ratio of assets in the latest period to net assets is more than 20%;

5. Operations in the last 3 fiscal years The cumulative cash flow generated by the activities is at least 50 million, or the operating income in the last three fiscal years is more than 300 million;

6. Listed companies mainly raise funds, but strict rules must be formulated before raising funds. The purpose of funds, so the focus is to strictly verify whether the company meets the listing conditions;

So the review conditions for listed companies are very strict, so the conditions for listed companies are strictly controlled according to the above six items.

According to the relevant provisions of Chapter 4, Section 5 of the "Company Law of the People's Republic of China", listed companies refer to publicly issued stocks that have been approved by the State Council or the securities management department authorized by the State Council to be listed on the securities market. A company listed on an exchange.

The so-called unlisted company refers to a joint stock limited company whose stocks are not listed and not traded on the stock exchange.

A listed company is a type of joint stock limited company. In addition to being approved for listing on the stock exchange, such a company must also meet certain conditions.

The revision of the "Company Law" and "Securities Law" will help more companies become listed companies and companies whose corporate bonds are listed and traded.

Extended information:

1. Listing application and approval.

The "Interim Regulations on the Administration of Stock Issuance and Trading" stipulates that a joint-stock company that meets the conditions for public offering of stocks and applies for trading of its stocks on a stock exchange shall submit an application to the listing committee of the stock exchange; the listing committee Approval shall be made within twenty working days from the date of receipt of the application, the listing time shall be determined, the approval document shall be submitted to the China Securities Regulatory Commission for filing, and a copy shall be submitted to the Securities Commission.

The "Company Law" stipulates that a joint-stock company applying for listing and trading of its stocks must submit an application for approval by the State Council or the securities management department authorized by the State Council, and submit relevant documents in accordance with relevant laws and administrative regulations.

The "Company Law" also stipulates that the State Council or the securities management department authorized by the State Council shall approve stock listing and trading applications that meet the conditions stipulated in this law; applications that do not meet the conditions stipulated in this law shall not be approved.

At present, joint-stock companies that meet the listing conditions must be reviewed and approved by the China Securities Regulatory Commission and reviewed and approved by the stock exchange.

2. Documents that should be submitted when applying for stock listing.

The joint-stock company submits a listing application to the listing committee of the exchange. The following documents should be submitted when applying:

1. Application form;

2. Company registration documents;

3. Approval documents for public issuance of stocks;

4. The company’s financial reports for the past three years or since its establishment, audited by an accounting firm and signed by more than two certified public accountants and the firm where they work. Stamped audit report;

5. Recommendations from stock exchange members;

6. The latest prospectus;

7. Other exchange requirements file.

3. Enter into a listing contract.

After a joint-stock company is approved for listing, it becomes a listed company.

Before a listed company's shares are listed, it must enter into a listing contract with the stock exchange, determine the specific date of listing, and pay a listing fee to the stock exchange.

4. Publish a listing announcement.

According to the provisions of the "Company Law", after the stock listing and trading application is approved, the approved listed company must announce its stock listing report and store its application documents in a designated location for public inspection.

Listing announcements of listed companies are generally published in national securities newspapers and periodicals designated by the China Securities Regulatory Commission.

In addition to the main contents of the prospectus, the content of the listing announcement shall also include the following matters:

1. The date and approval number of the stock being approved for trading on the stock exchange ;

2. Stock issuance, ownership structure, list of the ten largest shareholders and number of shares held;

3. The company’s founding meeting or general meeting of shareholders agrees that the company’s shares should be traded on securities Resolutions of transactions;

4. Resumes of directors, supervisors and senior managers and their holdings of the company’s securities;

5. The company’s operating performance in the past three years or since its opening and financial status and profit forecast documents for the next year;

6. Other circumstances required to be stated by the stock exchange.

Baidu Encyclopedia-Listed