U.S. law mandates listing under condition 10

Legal Analysis: The U.S. Securities and Exchange Commission (SEC) has increased information disclosure requirements for Chinese companies to list on the market. In response, the China Securities Regulatory Commission (CSRC) said that the regulators of the two countries should strengthen communication on the supervision of Chinese concept stocks, so as to create a good policy expectation and institutional environment for the market.

Choosing the right place to go public is an independent choice made by an enterprise according to its own development needs. For a long time, China has always been open to enterprises to go public overseas, and has supported enterprises to use two markets and two resources for financing and development in accordance with laws and regulations.

Legal basis: Law of the People's Republic of China on the Administration of Exit and Entry Article 9 Chinese citizens who leave or enter the country shall apply for passports or other travel documents in accordance with the law.

Chinese citizens traveling to other countries or regions also need to obtain a visa or other entry permit certificate from the country to which they are traveling. However, except for the mutual visa exemption agreements signed by China and other countries, or as otherwise stipulated by the Ministry of Public Security or others.

Chinese citizens who leave or enter China as seafarers and work on foreign ships shall apply for seafarers' certificates in accordance with the law.

Legal Analysis:1Company introduction, main business and product introduction, management team.

2.The company's short-term goals, long-term goals and business development direction, and the company's manager's description of the company's recent operations.

3.Prepare to finance the technological content of the development project and the market potential of the sensitive draft.

4.The company's financial statements (balance sheet, income statement, cash flow statement) for the last three years. Annotations to financial reports and financial audit appraisals;

5.A brief description of the company's share capital structure, major shareholders and key management personnel. The unanimous attitude and determination of the company's major shareholders and the board of directors to go public.

6.Senior management who specializes in public business contacts.

Legal basis: Company Law of the People's Republic of China

Article 121: For the purposes of this Law, the term "listed and traded on the Exchange" refers to the use of this Law.

Article 122 If a listed company purchases a bridge within one year, or the amount of major assets or guarantees exceeds 30 percent of the company's total assets, it shall be resolved and passed by more than two-thirds of the voting rights held by the shareholders present at the meeting.

Article 123 The specific measures for listed independent directors shall be prescribed by ***.

Article 124 A listed company shall have a secretary of the board of directors, who shall be responsible for the preparation of the general meeting of shareholders and the meeting of the board of directors, the custody of documents, the management of the information of the company's shareholders, and the handling of information disclosure affairs.

Article 125 Where a director of a listed company is related to the enterprise involved in the resolution of the board of directors, he or she shall not exercise the right to vote on the resolution, nor shall he or she exercise the voting rights of other directors. The meeting of the Board of Directors shall be convened in the presence of a majority of the unrelated directors, and the resolutions made at the meeting shall be passed by a majority of the unrelated directors. If the number of unrelated directors present at the board of directors is less than three, the matter shall be submitted to the general meeting of shareholders of the listed company for deliberation.

We know that Chinese companies that want to list in the U.S. need to meet not only one requirement, but also meet both Chinese and U.S. requirements

1. U.S. requirements: There are three major trading markets in the United States, NASDAQ, NYSE, and AMEX. The company can only issue and trade in the market after meeting the requirements of the market for the company.

2. China's requirements: domestic shares that meet the conditions for overseas listing can apply to the China ** Supervision and Management Committee 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.

If you want to know about the U.S. listing requirements, you can consult Matilda. Mingde Tiansheng's investment projects are mainly selected from the best mentoring projects of Mingde Blue Eagle and the high-quality projects recommended by Mingde ecosystem, which minimizes investment risks; At the same time, in terms of fundraising, a large number of qualified investors have gathered in the Mingde ecosystem, and by investing in Mingde Tiansheng and reinvesting in high-quality projects in the ecosystem, the investment has been closed and the healthy development of the Mingde ecosystem has been further promoted.

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.

The SFC's requirements are as follows.

1. Comply with China's laws and regulations on overseas listing. Consumer.

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 on the investment of designated assets of the state.

3. The net assets shall not be less than RMB 400 million, and the after-tax profit in the past year shall not be less than RMB 60 million, and there is potential for growth.

4. Dividends and dividends after listing have reliable foreign exchange**, which is in line with the relevant provisions of the national foreign exchange management.

5. Other conditions stipulated by the CSRC.

U.S.** Exchange conditions are as follows:

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

2. There must be at least 800 shareholders;

For the company's listing conditions in the United States are still relatively harsh, so it is recommended that you choose a professional platform to help, so that you can go public faster and more smoothly, and the Mingde Capital ecosystem is a very good platform, which is a capital operation platform composed of more than 20 international and domestic top senior investors, senior brokerage sponsors, market value management experts, listing business model experts, listing legal experts, listing financial experts, and intellectual property attack and defense system experts. At present, it has helped dozens of companies to successfully go public, which is very trustworthy.