business for more than 3 years and have made profits over the last three consecutive years. This requirement also applies to former state-owned enterprises reincorporating as private or public enterprises. In the case of former state-owned enterprises re-established according to the law or founded after implementation of the law and if their issuers are large and medium state owned enterprises, it can be calculated consecutively. The number of shareholders with holdings of values reaching in excess of RMB 1,000 must not be less than 1,000 persons. Publicly offered shares must be more than 25% of the company’s total share capital. For company whose total share capital exceeds RMB 400 million, the ratio of publicly offered shares must be more than 15%. The company must not have committed any major illegal activities or false accounting records in the last three years. Other conditions stipulated by the State Council. China currently has a preference for domestic firms only to list onto their stock exchanges; India has similar rules. However, China considered opening up their capital markets to foreign firms in 2010. The conditions for applications for the listing of shares by limited companies involved in high and new technology are set out separately by the State Council. Building The SSE is housed at the Shanghai Securities Exchange Building since 1997. See also China Securities Regulatory Commission Economy of China Hong Kong Stock Exchange Shenzhen Stock Exchange Shanghai Metal Exchange SSE Composite Untraded shares Leading stock Deng Xiaoping's Southern Tour Lists List of Chinese companies List of companies in the People's Republic of China List of stock exchanges References External links Economy of Shanghai Stock exchanges in China Companies based in Shanghai Financial services companies established in 1866 Financial services companies established in 1990 Chinese companies established in 1866 Chinese companies established in 1990