日前,中国证监会公布了《关于进一步规范股票首次发行上市有关工作的通知》(以下简称《通知》),对拟上市公司的业绩计算、独立性和融资额等提出了更严格的要求。这是中国证监会贯彻党的十六大精神、落实2003年国务院政府工作报告要求的一项新举措,是加强市场基础性建设的又一重要措施。《通知》的颁布和实施,对从源头上提高上市公司质量,夯实证券市场发展基础具有重要意义。《通知》规定股份公司成立满三年后方可申请发行上市,将从源头上杜绝模拟财务 Recently, China Securities Regulatory Commission promulgated the “Circular on Further Regulating the Relevant Work of Initial Public Offering of Stocks” (the “Notice”), putting forward more stringent requirements on the performance calculation, independence and amount of financing of the listed companies. This is a new move by China Securities Regulatory Commission to implement the spirit of the 16th National Congress of the CPC and fulfill the requirements of the government work report of the State Council in 2003, which is another important measure to strengthen market-based construction. The promulgation and implementation of the “Notice” are of great significance to improving the quality of listed companies from the source and laying a solid foundation for the development of the securities market. “Notice” provides that the establishment of joint-stock companies after three years before they can apply for the listing, will put an end to the source of simulated finance