What procedures are required for a Chinese company to list in the United States

If a Chinese company wants to list in the U.S., it must meet both Chinese and U.S. requirements.

1. Requests from the U.S. side:

There are three major markets in the United States, the NASDAQ, the NYSE, and AMEX. The company can only issue and trade in the market after meeting the requirements of the market for the company. The following is an example of the New York Stock Exchange (NYSE) requirements for non-US companies to list:

The number of shares held by the public shall not be less than 2.5 million shares.

The number of shareholders with more than 100 shares shall not be less than 5,000.

The company's ** market capitalization is not less than $100 million.

The company must have made a profit in the last 3 financial years and not less than $2.5 million in the final year, not less than $2 million in each of the previous two years or not less than $4.5 million in the final year, and not less than $6.5 million in the 3-year aggregate.

The net tangible assets of the Company shall not be less than US$100 million.

A number of requirements for the management and operation of the company.

Other relevant factors, such as the relative stability of the industry to which the company belongs, the company's position in the industry, the market situation of the company's products, the company's prospects, and the public's interest in the company.

2. China's requirements:

Domestic shares that meet the conditions for overseas listing can apply to the China ** Regulatory Commission for overseas direct listing financing, and the CSRC will approve the listing application that meets the following conditions in accordance with the law.

The use of funds is in line with the national industrial policy, the policy on the use of foreign capital and the provisions of the state on the establishment of fixed asset investment projects.

The net assets of the applicant company shall not be less than RMB 400 million, the after-tax profit in the past year shall not be less than RMB 60 million, and the amount of overseas financing shall not be less than USD 50 million.

It has a standardized corporate governance structure, a relatively complete internal management system and a stable senior management.

Post-listing dividends must be paid in reliable foreign exchange** and in line with the relevant regulations of the national foreign exchange administration.

The applicant company shall submit the application materials in strict accordance with the procedures stipulated by the CSRC.

First, the number of shares held by the public is not less than 2.5 million shares, second, the number of shareholders with more than 100 shares is not less than 5,000, third, the market value is not less than 100 million US dollars, fourth, the net tangible asset value is not less than 100 million US dollars, and fifth, it has been profitable in the last 3 fiscal years, with a cumulative total of not less than 6.5 million US dollars in 3 years.

First, there is an audit report issued by an accounting firm. Second, the complete prospectus, after several rounds of defense and revision, the SEC has no opinion on the listing prospectus. Third, it can be sold.

Chinese companies can also go public in the United States, which does not have much impact, because there are not a few Chinese companies listed in the United States, US stocks.

This requirement for listing on the market is much lower than that of our domestic A** field, so many companies can't be listed on the A** marketIt will first seek to be listed on the Hong Kong market, and many Internet companies will seek to be listed on the NASDAQ. <>

Because the domestic ** has just implemented the registration system.

This means that you provide relevant information, and then meet a rough standard, in principle, to meet the corresponding standard. But the principle is not used to break, their audit is relatively much faster, the average time is less than a year, on average, three quarters can be done in a few months, a little slower a year is about the same, our domestic a** field this cycle will be at least tripled. That is to say, it will take at least more than two years to be listed on the domestic A** market.

Therefore, seeking to be listed in Hong Kong and the United States is what many enterprises will do when they develop to a certain extent. His company has developed into such a scale now, and if he wants to expand the scale, he will inevitably need the support of money. But at this scale, you said that he suddenly went to the bank to take a loan, and the bank would not lend him money, so he had to find a new financing method to go public, which is a very good one after the listingAs the company's market capitalization continues to rise, the company's cash flow will naturally become more abundant.

Probably because of the Sino-US war.

The reason why it will become more difficult for China to write to the U.S. market in the future for local companies.

This listing review may be simpler and easier, and it is basically given. However, if our companies want to try in the past, they may be suppressed and shorted, because there are many such financial groups in foreign countries, which are called financial groups and speculative groups, and they have a large amount of capital in their hands and can be crazy about shorting a companyOnce this financeSnipersEye, it is either to survive this crisis and make a big profit, or directlyUlcersSexual colon cysts.

Thirdly, you need to run a simulation before you do the real thing, so that your losses can be minimized.

Fourth, it is necessary to have the basic knowledge of three aspects, and then continuously improve these knowledge in the process of speculation: one is the basic analysis method, the second is the technical analysis method, and the third is the risk analysis method.

Fifth, you should understand that there are still many irregularities in China's current market, so you should also have some technology for China's market, such as the problem and performance of making a bank, and the role and significance of stock evaluation.

Sixth, you should pay attention to both long-term and short-term analysis and investment training, and you can't learn all the financial knowledge just by doing it short.

Finally, you must know that there are some financial knowledge that cannot be learned through China's ** market, so you should step up your efforts to learn other financial knowledge in addition to **, which seems to be of little use to the current **, but it may be an important part of your future livelihood at home and abroad, and achieve huge benefits.

Yes, as long as the trademark is registered in the United States, or the corresponding procedures are completed, it can be listed in the United States.

Absolutely, as long as your company qualifies for listing in the U.S. then that's fine.

Chinese companies are uncertain whether they will be able to list in the U.S. in the future, as the SEC has suspended the processing of IPO applications from Chinese companies until the agency issues new risk guidelines to alert investors.

A company's listing in the U.S. must meet both the requirements of the Securities and Exchange Commission and the conditions of the U.S. ** exchange.

SFC Requirements:

1. Comply with China's laws, regulations and rules related to overseas listing.

2. The purpose of financing is in line with the national industrial policy, the policy on the use of foreign capital and the provisions of the State Inspectorate on the establishment of fixed asset investment projects.

3. The net assets shall not be less than 400 million yuan, the after-tax profit in the past year shall not be less than 60 million yuan, and there is growth potential, and the amount of financing shall not be less than 50 million US dollars according to the reasonable expected price-earnings ratio.

4. Have a standardized corporate governance structure and a relatively complete internal management system, and have a relatively stable senior management and a high management level.

5. After listing, the dividends and dividends have reliable foreign exchange, which is in line with the relevant provisions of the national foreign exchange management.

6. Other conditions stipulated by the CSRC.

U.S. **Exchange Conditions:

1. At least 500,000 shares must be owned by the public in the market;

2. There must be at least 800 shareholders (each shareholder must have more than 100 shares);

3. One of the following conditions is met:

The total pre-tax operating profit for three years shall not be less than US$100 million, and the total pre-tax operating profit for two years shall not be less than US$25 million.

The revenue for 12 months shall not be less than US$100 million, the total operating cash inflow for 3 years shall not be less than US$100 million, the operating cash inflow for two years shall not be less than US$25 million per year, and the circulating value shall not be less than US$500 million.

The circulating ** value is not less than 100 million US dollars, and the annual income is not less than 75 million US dollars.