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Innovative pilot enterprises are large-scale overseas listed red chip companies with a market capitalization of not less than 200 billion yuan.

March 30, 2018 19:12
source: Securities Times Network

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The General Office of the State Council forwarded the notice of the CSRC on a number of opinions on piloting the issuance of stocks or depositary receipts in innovative enterprises. The pilot enterprises shall be large-scale red-chip enterprises that have been listed overseas, with a market capitalization of not less than 200 billion yuan; innovative enterprises (including red-chip enterprises and domestic registered enterprises) that have not been listed overseas, have an operating income of not less than 30 in the most recent year. It has a valuation of not less than RMB 20 billion, or a rapid growth in operating income. It has independent research and development, international leading technology, and is in a comparatively advantageous position in the competition in the same industry.

                (Editor: DF075)

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