1. Suddenly... I'm not sure about feelings...
but I still hope it can last forever...
you're very powerful... I just read the title and was shocked...
I'm still thinking about how monkeys can mine...
it's so interesting
2. The expert of online game training
Author: snail in a rage
this answer is provided by the friendship of [who dyed blue and cool] of [moon falls Xiaoshang]! If there are deficiencies, hope to understand, I hope this answer to help you
it's not easy to help others. I'm looking forward to your adoption. If you have any questions, please continue to ask, thank you! I'll see you next time.
3. If a company wants to be listed on the U.S. stock exchange, it needs the following conditions:
(1) at least 500000 shares should be owned by the public in the market
(2) there should be at least 800 shareholders (each shareholder should own more than 100 shares)
(3) one of the following conditions is met:
the total pre tax operating profit of three years is not less than US $100 million, and the total pre tax operating profit of two years is not less than US $25 million
the revenue in 12 months is no less than US $100 million, the total operating cash inflow in 3 years is no less than US $100 million, the annual operating cash inflow in 2 years is no less than US $25 million, and the stock market value in circulation is no less than US $500 million
the value of circulating stock market is no less than US $750 million, and the annual income is no less than US $75 million
before the establishment of the NASDAQ Exchange, some existing large American enterprises, e to the small amount of capital and the company's poor reputation at the beginning of the company's establishment, chose to list their stocks in the regions where the listing conditions were relatively loose in order to raise funds for enterprise expansion. For example, Exxon Corporation and General Motors Corporation have been here before, and they will be listed on the largest New York Stock Exchange after they grow and thrive. Therefore, the American stock exchange can also be regarded as the brewing place of Mingxing stock. Financing
the company has a wide range of financing, ranging from less than US $5 million to more than US $100 million. Companies can use shares listed in the United States instead of cash as the "currency" for acquiring other companies
the stock has high liquidity
the company improves its reputation and trust by listing on the US stock exchange to attract institutional and retail investors from all over the world. The market structure of centralized trading, better liquidity, smaller price spread and lower volatility help to create, protect and increase shareholder value
the exclusive broker system
American stock exchanges provide trading assistance and share important information for each listed company. Listed companies should choose a specialized broker, who has the ficiary responsibility to create the best trading market for the company's stock. In addition, franchised brokers communicate directly with listed companies to help them understand the real-time situation of the market and make market forecasts
help to strengthen investor relations
the US stock exchange provides special services for each listed company to enhance shareholder value to help the company gain high reputation and attention in the capital market. For example, helping to build good relationships with analysts and investors; By holding investor meetings and network meetings, the company's information has been widely concerned by the market
the listing conditions are relatively loose
the listing conditions of American stock exchange are lower than that of New York Stock Exchange. For small and medium-sized enterprises and emerging enterprises, listing on the American stock exchange is a better choice for companies to raise funds for future expansion
American stock exchanges are creating financial opportunities for indivial and institutional investors, as well as issuers of various instries and sizes. For countless companies, investors and shareholders, the American stock exchange means the birth of new opportunities. Some international companies are in good operating and financial conditions, but they are difficult to meet the normal listing standards of the exchange. The reason is e to the nature of business or the existence of a continuous large amount of R & D expenses. Once these companies meet the following standards, they can also be regarded as meeting the listing requirements of the exchange
financial standard items commonly used standard alternative standard pre tax income $750000 market value of public shares in the previous fiscal year or two years within three years $300000 $15000000 price $3,00 $3,00 operating period - 3 years shareholder equity $4000000 $4000, 000 distribution criteria (applicable to normal and alternative standards) scheme 1 scheme 2 scheme 3 scheme 4 public shares (with a market value of at least 300000) 500000 1000000 500000 1000000 shareholders of public shares (holding more than 100 shares) 800 400 800 average daily turnover -- 2000 -
4. Generally, the website of the exchange will not publish this data. You can go to the website of the Securities Association of the exchange to inquire about it, and then these data will be published there
the Nasdaq market allows the market promissory note makers to trade directly through the telephone or Internet, rather than confined to the trading hall, and most of the trading content is related to new technologies, especially computers, American Stock Research Society says that it is the world's first electronic securities trading market< NASDAQ has its own market maker system , they are some independent stock dealers, who are responsible for investors to buy and sell a certain stock< br />
5. Risk aversion, high interest rate also shows that the currency is risky. We are all flying to quanlity
6. The minimum number of investors on the New York Stock Exchange is 5000, The total market value of 2.5 million (global) public shares with a minimum public shareholding of 100 shares or more is US $billion (global) minimum bid price not applicable to market makers not applicable to operating history not applicable to asset status not applicable to pre tax profit according to US $billion (accumulated calculation in the past three financial years) corporate governance needs NASDAQ The minimum number of investors in national market standard 1 (market rule 4420 (a)) is 400, The minimum public shareholding of each holder is based on the total market value of 00 shares or more, the minimum offering price is US $5 million, the market maker is three, the operating history is not applicable, the shareholder's equity is US $5 million, the pre tax profit is US $0 million, the corporate governance requires the minimum investment of criterion 2 (market rule 4420 (b)) The number of investors is 400, Each holder's minimum public shareholding of 00 shares or more, the total market value of 0 million shares, the minimum offering price of $5 million, three market makers, two years' operation history, assets status, shareholders' equity of $30 million, profit before tax not applicable to corporate governance requirements rule 3 (market rule 4420 (c)) minimum investment The number of participants is 400, The minimum amount of public shares held by each holder is based on the total market value of 0.00 or more public shares of US $20 million, and the minimum offering price is US $5.00. Four market makers have operation history, not applicable to asset status, not applicable to pre tax profit of US $5 million (or the total income and total assets reach US $5 million respectively). The corporate governance needs the US securities exchange The minimum number of investors in the E-House is 100. If the number of public shares is more than 100 million, The total market value of 500000 public shares with the minimum public shareholding of 400 is US $30 million, the minimum bidding price is US $3, the market maker does not apply to the operating history does not apply to the asset status, the shareholders' equity reaches US $40 million, the profit before tax reaches us $50000 (according to the latest financial year or two of the latest three financial years) and the corporate governance needs to be improved The minimum number of investors in the small capital market of Dake is 300. The minimum amount of public shares held by each investor is 500 million US dollars. The minimum price of public shares is 4 US dollars. Three market makers have a history of operation; If it is less than the annual average, the market value should reach at least 50 million US dollars, the asset status and the shareholders' equity should reach 5 million US dollars; Or the market value of the listed stock reaches 50 million US dollars; Profit before tax (in the most recent financial year or two of the most recent three financial years) of US $50000 from continuing operations. The Listing Rules for other securities will be different. The largest national stock exchange in the United States is the New York Stock Exchange (NYSE). In the New York Stock Exchange, the purchase and sale orders are transmitted to the center, and the professionals in the center maintain the system to match the purchase and sale orders, so as to realize the transaction. In the over-the-counter market, trading is done through the computer terminals and quotations connected between securities companies. The most famous over-the-counter market is NASDAQ. As an intermediary, securities companies match orders between customers or directly intervene in securities trading in their own name. The New York Stock Exchange is the largest stock market in the world, with the largest amount of capital raised. The NYSE has nearly 200 listed companies, including 40 foreign companies from five countries in 2003. In 2003, there were five Chinese companies listed on the New York Stock Exchange, with a market value of US $900 million; There are two companies in the Asia Pacific region with a market value of US $200 million. A wide range of market participants, including companies, indivial investors, institutional investors and member companies, constitute the market. Companies listed on the stock exchange have met the most stringent listing standards, ranging from the largest and most famous blue chip companies to many of the world's top technology companies and young, fast-growing and privatized non US companies. In the United States, there are about 35000 companies whose shares are traded on the over-the-counter market. NASDAQ is a nationwide electronic inquiry system, which stores and provides the OTC quotations updated every second from National Union China securities companies. There are more than 3000 companies' securities inquired on the system, and more than a dozen Chinese companies, including Sohu, Sina and China e-commerce, are listed on NASDAQ. Today's Nasdaq market has become a competitor of the New York Stock Exchange. Many big companies that meet the listing standards of the New York Stock Exchange have chosen Nasdaq, such as the famous Microsoft, Intel, Apple Computer and Sunplus. Nasdaq market is divided into two parts: NASDAQ national market and Nasdaq small market. In the national market, the listing standards are stricter, and the securities are more discount. For smaller companies, NASDAQ provides an "electronic version of over-the-counter trading", but it is not a part of the Nasdaq market, but only a way for securities companies to inquire and evaluate through the computer network. The smallest company can be listed on the pink list. Advantages of listing in the United States the advantages of Chinese companies listed in the United States are mainly reflected in the following aspects: first, the stability of the market and the abundant sources of funds it represents provide the largest space for enterprise financing. For foreign companies, including Chinese companies, the biggest reason for them to rush to the U.S. capital market lies in the abundant funds in this market. Due to the relatively sound legal system and effective market operation, not only large investment institutions, but also scattered indivial investors can gather funds in many ways, occupying an important corner of the capital market, making the United States the largest and most effective capital market in the world. U.S. investors invest about two percent of their total capital in non-U.S. companies. Second, it helps to improve the company's global visibility and good reputation. The company's good reputation represents the value of the company to a certain extent, and through the listing in the U.S. capital market, with the help of roadshows and media exposure, similar promotion effect can be achieved, which can improve the reputation of the enterprise. Usually, stock market analysts will track the company's performance and regularly forecast the company's prospects. Positive and favorable reports will help to improve the company's stock price. Third, strengthen the means of merger and acquisition. The value of listed companies can be reflected by the stocks in the U.S. stock market with high discount. The stocks of Listed Companies in the U.S. are often recognized as a means of payment for M & A, and buyers are more likely to accept stocks as a means of payment. Fourth, further promote the internal reform of Chinese companies and improve the level of corporate governance. More stringent disclosure and corporate governance requirements in the U.S. market will also become an opportunity for Chinese companies to carry out reform and extensive restructuring, and improve their competitiveness in the instry. Generally speaking, Chinese companies can enter the U.S. capital market in the following four ways: the initial public offerings (IPOs) of common stock. The stock market disaster in the early 1930s led to the collapse of foreign companies' stocks in the U.S. stock market, and American investors lost hundreds of millions of investment, This historical event prompted the formal implementation of the US Securities Law in 1993. Since then, the U.S. Securities Law has regulated the initial public offering of common stock of foreign companies in the United States as well as that of domestic companies. Without exception, the company must be registered. Depending on the size of the company and previous disclosure in the United States, the SEC has also developed different forms for the registration of foreign companies. Basically, foreign companies, like US companies, must disclose the same information to the SEC and investors in the same format. For many foreign companies, the disclosure system of American stock market is deeply uncomfortable. The financial disclosure and accounting standards of the United States are more detailed and strict than those of many countries. For example, the mandatory disclosure of the company's competitive position in the market and the management's forecast of the future is a headache for foreign companies. However, in order to strive for a position in the vast capital market, foreign companies can only do as the Romans do. In order to soften this discomfort, the US Securities Regulatory Commission allows foreign companies to adjust their financial statements to conform to the accounting principles of the United States, which does not necessarily have to be made in accordance with the actual standards of the United States. In addition, once the shares of an overseas company are publicly traded, the company must report to the SEC regularly in accordance with the provisions of the U.S. Securities and Exchange Act. 2. American Depository Receipts (ADRs) China Life Insurance Co., Ltd. was officially listed on the New York Stock Exchange (NYSE) and the stock exchange of Hong Kong (SEHK) in February 2003. As the first Chinese state-owned financial enterprise to be listed simultaneously in both places, it has obtained an over subscription ratio of 25 times, issued 6.5 billion shares and raised US $350 million, which set the highest IPO financing amount record in the global capital market in this year and achieved the success of overseas listing. China Life Insurance is an example of successful listing of Chinese enterprises through ADR. The American securities instry created the mechanism of transplanting foreign securities to the United States. The trading of depository stock certificate provides the securities that can be easily traded and paid in US dollars. So far, China Unicom, China Mobile, Sinopec and other companies have listed in the United States through this way. A typical ADR works as follows: (1) an agreement is signed between a bank of America and an overseas company, which stipulates that the Bank of America will act as the depositor of the securities of the overseas company (2) the U.S. depositor issues the certificate of deposit to the U.S. investor. Each certificate represents the securities of a certain number of foreign companies, which can be freely traded 3 American depositors purchase a corresponding number of securities of overseas companies, which are generally kept by overseas custody banks 4 After the issuance of the certificate, the American depository bank shall act as the Chinese payer to the holder of the certificate. The bank receives dividends and converts them into dollars, which are then distributed to the holders of the warrants 5) The depository bank, as the transferor of the ADSS, records the transactions of the investors of the ADSS in the United States. The bank is also always ready to convert the stock certificate into corresponding overseas securities. The securities and Futures Commission of the United States treats ADR and the foreign securities it represents differently. At the same time, the issue of ADR also involves the public offering of securities. Therefore, the American bank issuing ADR also needs to be registered, and the foreign company has to fulfill the obligation of periodic reporting. However, performing full registration and reporting is particularly expensive and costly
7. U.S. stocks naturally use the U.S. dollar as the settlement currency (unit)
Berkshire (bafick's company) is as high as $250000 per share
8. It has to be dollars
first of all, choose a suitable U.S. stock broker to open an account. To choose an appropriate US stock broker, we need to consider the following points: the scale and strength of the broker, the types of securities that can be traded, commission fees and preferential activities. If you need Chinese services, you need to see whether the broker provides Chinese services
next, open an online account. Most U.S. stock dealers offer online account opening services. China enjoys the reciprocal conditions of US government income tax rection and exemption, so Chinese people can enjoy the preferential treatment of free withholding income tax when they open the US stock international account to speculate in US stocks
there are three steps to open an account: online application - mailing materials - injecting funds
injection of funds; Tips for fund injection:
1. The fund injection can be carried out simultaneously with the mailing materials, so that the transaction can be carried out faster after the materials are approved
2. The remittance must be in US dollars. If there are no US dollars, you can go to the bank to exchange them. Cash exchange is not cash! According to the regulations of the State Administration of foreign exchange, each person has a foreign exchange quota of US $50000. Remittance postscript column (i.e. further credit to): Please fill in your registered name in the account of the securities company (which must be consistent with your bank account name), for example: Datong Wang; Please fill in your account number of No.1 financial management here, with a total of 8 digits, in the format of xxx-xxxxx
3. Both the capital injection and the beneficiary must be the person who opened the account, and no third-party remittance or collection is accepted
I hope I can help you
9. With these questions in mind, let's take a look at how the U.S. stock market has made millions of dollars. How can it turn back to the alt currency?. In life, if the U.S. stock market makes millions, how can it turn back to alt currency? When it appears, we have to consider the fact that it appears. Lucette once mentioned that life can not be twice, but many people are not good at even once. With these words, we need to examine this issue more carefully: after the above discussion, we all know that as long as it is meaningful, we must consider it carefully. If you want to be clear, how can U.S. stocks turn back to alt currency after making millions?, What kind of existence is it. In this case, we have to face a very embarrassing fact, that is, I have thought about this issue day and night after careful consideration. For me personally, how can I turn back the famous alt currency after making millions in US stocks? It's not just a big event, it could change my life. From this point of view, Warner once said, don't ask the secret of success, and try your best to do what you should do. This seems to answer my doubts. Goethe once said that no one knows how powerful he is until he tries. This inspired me. How can we turn back the famous alt currency after making millions in US stocks? How do we need to achieve this? How can we turn back the millions made by US stocks? How will it happen. Generally speaking, we must consider it carefully. This fact is of great significance to me, and I believe it is also of certain significance to the world. Everyone has to face these problems. In the face of this kind of problem, I think, how can the US stock market return to the alt currency after making millions? Why? For me personally, how can I turn back the famous alt currency after making millions in US stocks? It's not just a big event, it could change my life. We generally believe that if we grasp the crux of the problem, everything else will be solved. Well, in that case
bacon inadvertently said that reading makes a full man, conversation makes a quick man, and writing makes a precise man. It doesn't stop me from thinking. Africa once mentioned that the most prolific people can't see their backs. This seems to answer my doubts. And these are not entirely important. What is more important is that, generally speaking, we must consider them carefully. The so-called U.S. stock market has made millions, how can it be turned back into alt currency?, The key is that the US stock market has made millions. How can it turn back to the famous alt currency? How to write. To sum up, from this point of view, with these questions, let's take a look at how the U.S. stock market has made millions of dollars, and how can it turn back to the alt currency?. Carnegie inadvertently said that if we have accepted the worst, there will be no loss. I hope you can also understand this sentence well. We have to face a very embarrassing fact, that is, in life, if the U.S. stock market makes millions, how can it turn back to alt currency? When it appears, we have to consider the fact that it appears. In that case, it seems.
