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Innovative pilot companies are overseas listed large red chip companies with market capitalization of not less than 200 billion yuan RMB

March 30, 2018 19:12
source: Securities Times Network
edit:Oriental Wealth Network

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The General Office of the State Council shall forward the Circular of the China Securities Regulatory Commission on Several Opinions on Launching Pilot Projects for the Issuance of Domestic Shares or Depositary Receipts within the Innovative Enterprise . Pilot enterprises should be large-scale red-chip companies that have been listed overseas, with a market value of no less than 200 billion yuan; innovative companies (including red-chip companies and domestic registered enterprises) that have not been listed overseas, and operating income of at least 30 in the most recent year. With RMB 100 million yuan and a valuation of no less than RMB 20 billion, or a rapid growth in operating income, it has independent research and development, leading international technology, and is in a comparatively dominant position in competition with the industry.

                (Editor: DF075)

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