National Equities Exchange and Quotations Co. Ltd., Measures for the Tiered Administration of Companies Listed on the National Equities Exchange and Quotations (Trial Implementation)

全国中小企业股份转让系统有限责任公司全国中小企业股份转让系统挂牌公司分层管理办法(试行)

July 05, 2016 | BY

Susan Mok &clp articles

Tiered administration introduced for the New Third Board to increase transparency.

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Issued: May 27 2016

Effective: as of date of issuance

Main contents: A company applying to list on the National Equities Exchange and Quotations may directly enter the innovation tier if it is satisfying criteria such as:

(1) having been consecutively profitable for the previous two years;

(2) its average annual net profit having been not less