securities laws
Article 50 A joint stock limited company applying for stock listing shall meet the following conditions:
(a) approved by the the State Council securities regulatory authority for public offering.
(2) The total share capital of the company is not less than 30 million yuan;
(3) The publicly issued shares account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of publicly issued shares is more than 10%;
(4) The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records.
A stock exchange may prescribe listing conditions higher than those prescribed in the preceding paragraph, and report them to the the State Council securities regulatory authority for approval.
Extended data:
Under the following circumstances, the listing transaction will be suspended, and the relevant laws and regulations are as follows:
securities laws
Article 55 If a listed company is under any of the following circumstances, the stock exchange decides to suspend its stock listing and trading:
(a) the company's total share capital, equity distribution and other changes no longer meet the listing conditions;
(2) The company fails to disclose its financial status as required, or makes false records in its financial and accounting reports, which may mislead investors.
(3) The company has committed major illegal acts;
(4) The company has suffered continuous losses in the last three years;
(5) Other circumstances stipulated in the listing rules of stock exchanges.
Baidu Encyclopedia-People's Republic of China (PRC) Securities Law