Comparative Study On Listing Standards Of "Unicorn" High-tech Enterprisesng

The listing of "unicorn" enterprises is of great significance to the development of enterprises themselves and the securities industry and investors.At present,there is no clear legal regulation on the listing standard of "unicorn" enterprises in China.By comparing the similarities and differences of the listing standards of different domestic securities market enterprises,drawing on the successful experience of attracting "unicorn" enterprises to list in the Nasdaq market of the United States,combining with the characteristics of "unicorn" enterprises,according to the provisions of "Company Law" and "Securities Law" on the listing standard of enterprises,this paper makes a note on the listing standard of "unicorn" enterprises.This paper studies the listing standards of "unicorn" enterprises from six aspects: registration standards,industrial structure standards,equity structure standards,equity structure standards,market value standards,financial standards and compliance standards.The article can be divided into four parts.The first part mainly introduces the "unicorn" enterprises.Firstly,it distinguishes the "unicorn" enterprises from the "Kechuang Edition",and the significance of the listing of "unicorn" enterprises to their own development and market structure changes.Next,from the company’s size,financial,profitability and other aspects of the analysis of the "unicorn" enterprise issuance standards and listing standards.The second part is the comparison of the listing standards of enterprises in China’s domestic,Hong Kong and Taiwan securities markets.From the differences of the registration and approval systems applied to the listing and issuing audit system,the comparison of the equity and ownership structure of enterprises after issuance,and the comparison of the requirements of the three stock exchanges,it is concluded that the problems of the listing standards system lead to the difficulties of the listing of "unicorn" enterprises in China.The third part compares the listing standards of "unicorn" enterprises in different securities markets in the United States,Britain and Singapore.It focuses on the background and content of the continuous adjustment of the listing standards in the Nasdaq market in the United States,as well as the latest changes in the listing standards of "unicorn" enterprises in order to attract them to list in the United States,which is a reference for the later research on the listing standards of "unicorn" enterprises in China.Provide experience for reference.The fourth part is the specific analysis of the listing standards of "unicorn" enterprises in China,mainly from the aspects of "unicorn" enterprises listing and issuing audit system,industrial policy,equity structure,financial standards,compliance with the law and so on.