What does the new sanbanxi mean?

　What does the new sanbanxi mean?

The new Sanbanxi first originated in Beijing Zhongguancun, mainly some relatively high-tech enterprises. The reason is called "new" Sanbanxi, because there is still a third board, mainly carrying the enterprise, a long time ago, Staq, net transfer System three parts of the company's equity transfer.

In short, the new Sanbanxi is a trading plate, the listing requirements are very low, mainly for science and technology enterprises, the profit is not required! The meaning of the new Sanbanxi is mainly aimed at the company, will give the enterprise, the company brings great benefits.

Generally speaking, the enterprise wants to be listed in the domestic stock market, must undergo the comprehensive appraisal, the standard reorganization, the official initiation three stages, the main work content is:

　　A comprehensive evaluation of the first stage enterprises before listing

Enterprise listing is a complicated financial engineering and systematic work, compared with traditional project investment, it also needs the process of prophase argumentation, organization implementation and post evaluation, and also faces whether it is listed in the capital market, which market is listed and listed. In different market listing, enterprises should do the work, channels and risks are different. Only through the comprehensive evaluation of enterprises can we ensure that the listed enterprises can operate correctly under the controllable cost and risk. For enterprises, to organize a large number of personnel to mobilize all aspects of power and resources to work, but also to pay the price. Therefore, in order to ensure the success of the listing, the enterprise will first comprehensively analyze the above issues, comprehensive research, prudent to come up with a clear answer before the full launch of the work of the listing team.

　　Second Stage Enterprise internal standard reorganization

There are as many as hundreds of key issues involved in the IPO business, especially in China at present in this particular environment, private enterprises generally have a lot of financial, tax, law, corporate governance, history and other historical problems, and many problems in the late processing of the difficulty is quite large, therefore, the enterprise in the completion of the early assessment on the basis of It is important to have a planned, systematic and proactive approach with the assistance of a listed financial advisor, which will also enhance the confidence of the sponsors, strategic shareholders, other intermediaries and regulators in the company.

　　The third stage officially launches the listing work

Once the enterprise determines the listing target, it begins to enter the practical operation stage of the external work of the listing, which mainly includes: selecting the relevant intermediary agencies, carrying out the joint-stock reform, auditing and legal investigation, brokerage counseling, issuing, issuing and listing. As the listing work involves an external intermediary service agency, there are five or six concurrent jobs, involving dozens of people. Therefore, the organization is very difficult to coordinate and need to coordinate well.

　　The source of the new Sanbanxi

2012, the new Sanbanxi expanded to 4 national High-tech Parks, the project source greatly expanded. Here I have to say Wanguo, Shenwan's investment banking department has been tepid, but when other brokerages do not bother to do a new Sanbanxi and busy doing IPO such a large list, Shenwan in the other people do not see where the vast number of new Sanbanxi silently.

At the end of 2013, the SFC announced that the new Sanbanxi would be extended to the whole country and open to all companies. January 24, 2014, the new Sanbanxi one-time listing 285, and a total of 621 listed companies, announced the new Sanbanxi market officially become a national securities exchange market.

by March 6, 2015, 2026 companies have been listed in the new Sanbanxi, from the number of home and the total market value has been relatively large.

New Sanbanxi Listing conditions

(1) Established in accordance with the law and survives (exists and lasts) for two years. Limited liability company According to the original book net assets value of the whole change to stock company, the duration of time can be from the date of the establishment of the limited liability company to calculate;

(2) The business is clear and has the ability of continuous operation;

(3) A sound corporate governance mechanism, legal norms of operation;

(4) A clear stock rights, the issuance and transfer of shares legal compliance;

(5) The sponsor of the Securities Dealers recommend and continuous supervision;

(6) Other conditions required by the national system of transfer of shares.

New Sanbanxi listed companies must be unlisted AG, the survival period must be over two years, with a stable, continuous operation capacity, the main business must be prominent, located in the National High-tech Industrial Development Zone, etc., the current hammer technology has been basically in line with the conditions, that is, if the smooth, hammer mobile phone in the future may become a listed company.

　　Now many companies want to go public, especially large companies are basically listed, and finally we simply look at the benefits of the company listing.

(1) Financial support: Various regional parks and government policies, enterprises can enjoy the park and government subsidies.

(2) Facilitate financing: The new Sanbanxi (listed companies) can be launched after the introduction of targeted shares, improve the company's credit rating, to help enterprises faster financing.

(3) Wealth appreciation: The new Sanbanxi listed companies and shareholders can be in the capital market at a higher price circulation, to achieve asset appreciation.

(4) Share transfer: Shareholder shares can be legally transferred to improve the liquidity of equity.

(5) Board listing: The board mechanism once determined, the company can first enjoy the "green channel."

(6) The company's development: To improve the company's capital structure, to promote the company's normative development.

(7) Publicity effect: New Sanbanxi listed company brand, improve corporate visibility.