First, the conditions of listed companies

The threshold for applying for listed companies has been greatly reduced.

Business Rules of National Small and Medium-sized Enterprises Share Transfer System Issued 20 13

(Trial)

The second chapter defines the conditions for enterprises to go public:

A joint stock limited company applies for listing its shares in the national share transfer system,

Not limited by the nature of shareholders' ownership,

Non-local

High-tech enterprises should meet the following conditions:

( 1)

Established according to law and existing for two years.

A limited liability company shall convert its shares into shares according to the original book net asset value.

Limited company, the duration can be calculated from the date of the establishment of a limited liability company;

(2) Its business is clear and it has the ability of continuous operation;

(3) The corporate governance mechanism is sound and its operation is legal and standardized;

(4) The equity is clear, and the issuance and transfer of shares are legal and compliant;

(5) Sponsoring brokerage recommendation and continuous supervision;

(6) Other conditions required by the National Share Transfer System Corporation.

There are three adjustments in the list access link.

One is not to set financial indicators,

And the company applying for listing is not limited by the nature of shareholder ownership.

Nor is it limited to high technology.

Technology enterprises.

For listed companies,

National share transfer system company does not make substantive judgments on its main business.

Only require

Enterprises can clearly describe their products or services,

Mode of production or service,

Business scale,

Key resource elements and business models, etc.

Situation, and truthfully disclose the past business performance;

Second, companies applying for listing are allowed to have unfinished equity incentive plans.

By the enterprise under the premise of legal compliance.

Make decisions and fully and truly disclose them;

The third is to clarify the shareholders left over from history.

200

/kloc-Companies with more than 0/00 employees shall be confirmed by the CSRC.

And meet the listing conditions,

can

Apply for listing;

Considering that all listed companies are unlisted public companies approved by the CSRC,

Number of shareholders of listed companies allowed

Xu Chao

200

People.

Second, the financing of listed companies

1

In view of the financing demand characteristics of many light asset enterprises that cannot obtain bank loans because they have no fixed assets mortgage, Ping An Bank

Many banks such as China Bank, Minsheng Bank and Hangzhou Bank have contributed to the development of the national share transfer system.

20 13

Small listed companies started in 2004.

Special products for loans.

That is, enterprises complete listing through Ping An Securities,

You can get it from the bank in the form of company stock pledge.

guarantee

three

One-year revolving credit line, and the credit line shall not exceed the net assets of the enterprise.

40%-60%

. As soon as the company went public, it was bought by investors.

Buy shares in enterprises,

For the part where the transaction price per share exceeds the net assets,

The Bank may withdraw the value of pledged shares that exceed the net assets.

Credit extension.

2

In terms of equity financing of listed companies, companies are allowed to issue financing while applying for listing, and companies are also allowed to

After listing, you can request directional issuance, and you can apply for one-time approval and installment issuance. pass by

20 12

At the end of the year, the New Third Board Company

The average static P/E ratio after dilution of private placement is

2 1.32

Times, the largest

83

Time magazine. Among them, the P/E ratio of capital increase is the highest.

Gao is the era of Chinese studies (

430053

)

20 12

One thought

10

Yuan's price financing

1023.5

Ten thousand yuan, the price-earnings ratio of capital increased.

83

Time magazine.

Three. Scope of listed enterprises

Currently tentatively scheduled for Beijing, Tianjin,

Shanghai,

Enterprises in Wuhan High-tech Park,

Non-park enterprises can relocate or

The way to set up a new company in the park and merge the original enterprises meets this condition.

Fourth, listing fees and government subsidies.

Broker,

Accounting,

The total fees charged by the three lawyers are

120

Ten thousand yuan arrived in the account.

150

Between ten thousand yuan.

According to the charging process of the method,

Complete the share reform,

Three steps to apply for listing,

Collect it in three times.

All listed companies can get subsidies from the park and the government.

exceed

Take the sea as an example.

Zhangjiang park subsidy

160

Wan.

Nationally,

The amount of government subsidies in some areas has reached.

300

ten thousand yuan

Let's go Generally speaking,

After the enterprise completes the listing, the government subsidy obtained after paying the listing service fee can be omitted.

Have a surplus.

Verb (abbreviation for verb) Time required for listing.

Generally, it takes 3 to 4 months to complete all listing documents, and it takes 1 2 months to report to the CSRC for approval and complete feedback. The CSRC has provided convenient transfer for listed companies in the national share transfer system for small and medium-sized enterprises.

That is, once a listed company meets the conditions and does not issue new shares, it can directly apply to the Shanghai and Shenzhen Stock Exchanges for transfer.

Without the approval of the CSRC.