A listed company is a specific part of a company limited by shares. Public offering of shares has reached a considerable scale, and its shares have been approved to enter the centralized securities trading market according to law. When a joint stock limited company applies for listing its shares, it shall submit relevant documents to the stock exchange. A stock exchange shall decide whether to accept the listing and trading of its shares in accordance with this Law and relevant laws and administrative regulations.
A listed company is a specific part of a company limited by shares. Public offering of shares has reached a considerable scale, and its shares have been approved to enter the centralized securities trading market according to law. When a joint stock limited company applies for listing its shares, it shall submit relevant documents to the stock exchange. A stock exchange shall decide whether to accept the listing and trading of its shares in accordance with this Law and relevant laws and administrative regulations.
According to Article 50 of China's Securities Law, a joint stock limited company must meet the following conditions when applying for listing its shares: 1. Shares publicly issued with the approval of the State Council Securities Regulatory Authority;
2. The total share capital of the company is not less than RMB 30 million;
Three, the public offering of shares reached more than 25% of the total number of shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of publicly issued shares exceeds10%;
Four, the company has no major illegal acts in the last three years, and there is no false record in the financial accounting report;
5. A stock exchange may set conditions higher than those specified in the preceding paragraph, and report them to the the State Council securities regulatory authority for approval.
A listed company must regularly disclose its financial status and operation in accordance with the provisions of laws and administrative regulations, and publish its financial and accounting reports every six months in each fiscal year. The above conditions are for the listed companies to have high quality, large scale, reasonable equity distribution, a certain trading volume and a good reputation among investors.