1, the company's shares must be approved by the the State Council securities regulatory authority;
2. The total share capital of the company must be more than 30 million yuan;
3. The publicly issued shares account for more than 25% of the total shares of the company;
4. If the company's total share capital exceeds 400 million yuan, the proportion of publicly issued shares is more than 10%;
5. The company has no major illegal acts and no false records for three years. A stock exchange may prescribe listing conditions higher than those prescribed in the preceding paragraph, and report them to the the State Council securities regulatory authority for approval.