What Is the Vancouver Stock Exchange?

The Vancouver Stock Exchange (VSE) (referred to as the Wenzhou Stock Exchange) was established in 1907. Its emergence was originally to provide financial support for resource-operating companies in western Canada, such as mining, oil and natural gas industries. Now the Wenzhou Stock Exchange has begun to actively support the growth of high-tech companies. The Wenzhou Stock Exchange is mainly composed of two boards: GEM and Advanced Board (or Main Board). The GEM is specifically designed for small and medium-sized enterprises. The threshold for listing is relatively low, and performance is not required. The focus is on the quality of the company's management and the company's development potential.

Vancouver Stock Exchange

In response to the development needs of emerging companies, the Wenzhou Stock Exchange has specially designed a "venture capital financing bank (VCP)" to further reduce the requirements for companies to go public. This listing method only requires a qualified management company to register a company with a minimum of 100,000 Canadian dollars, and then a member company acts as the

The services offered by the Exchange also include a unique unit called the Pre-IPO Approval Process (PREP). It focuses on helping companies adjust

Another advantage of the Wenzhou Exchange is that Vancouver is a region with a long Chinese culture. From this perspective, the Wenzhou Exchange has both the advantages of the Hong Kong Stock Exchange's location and the efficiency of the North American market.

In terms of trading facilities and regulatory measures, the Wenzhou Stock Exchange also has considerable strength. Its unique Vancouver Computerized Trading (VCT) system is considered to be the world's leading system and has now been extended to six other global

Vancouver Stock Exchange (VSE) and its members provide efficient and high-quality services for investment capital to enter an orderly controlled market. In the past five years, the VSE has raised more than $ 7 billion in financing for companies that have come here. The venture capital pool (VCP) project of the Vancouver Stock Exchange in Canada is similar to the entrepreneurial version. Compared to the traditional method of privately raising seed capital before the initial public offering, VCP offers a new alternative. It allows suitable management groups or entrepreneurs to raise startup capital for future investments such as obtaining property and developing production.

Procedures for accessing Canadian capital markets

1. Establish a company;

2. Meeting with VSE members;

3. Initial public offerings of between $ 200,000 and $ 500,000;

4. Specify the timing of substantial transactions (maximum 18 months);

5. Complete the promised substantive transaction;

6, full listing.

Companies can get a response up to 25 days after submitting an application to enter the VCP.

Establish VCP and financing process

1. Establish expert management as the company's sole asset, and the management will subscribe for at least $ 100,000 in seed capital;

2. Designate a VSE member as the company sponsor;

3. An initial public offering on the stock exchange, with an amount ranging from $ 200,000 to $ 500,000;

4. To list on the exchange, determine the timing of the transaction based on the capital pool (amount between $ 300,000 and $ 700,000).

Basic listing requirements

1. Sponsored by VSE members for the first time;

2. Members of the board of directors have subscribed for 100,000 Canadian dollars of shares, and each share is not less than 0.1 Canadian dollars;

3. VCP's initial public offering of not less than CAD 0.15 per share;

4. Complete the promised substantive transaction within 18 months;

5. VSE members sponsor this substantial transaction;

6. The substantial transaction requires the approval of VSE and shareholders.

Listing conditions

1. The VCP company must not own important property or transactions before listing, and must not enter into any plans or agreements related to property or clear assets or transactions in advance;

2. Company directors must have a record of successfully operating a listed company as their assets;

3. Must strictly abide by VSE rules and regulations;

4. VCP management is subject to three VCP companies at the same time.

VCP company

In VSE, unlike other listings, the companies in the VCP plan did not engage in commercial transactions or own assets before listing. The only assets are only management and seed capital subscribed by directors and VCP managers. To meet listing requirements, a company's management must prove that it has a record of successfully operating a listed company.

Within six months after the initial public offering, the company should review and determine the transaction timing based on the funds raised through the VCP plan to meet the basic requirements for listing. The following are the most basic requirements for applying for the establishment of a VCP for the first time:

1. At least one director of the company is a resident of British Columbia;

2. The company must meet the requirements of policy 1.22;

3. The price of the shares sold by the unlisted company applying for listing must be greater than or equal to 50% of the price of the initial public offering through the VCP plan, and must not be less than $ 0.10 per share;

4. The capital raised through the issuance of seed capital stock must be greater than or equal to 100,000 Canadian dollars, and the company's directors or VCP managers must subscribe to not less than 100,000 Canadian dollars;

5. In an initial public offering, the issue price of the stock must be greater than or equal to $ 0.15 per share, and must not exceed $ 0.30 per share; no separate offer may be made.

6. The sum of the proceeds from the issuance of seed capital shares and the proceeds from the initial public offering should be greater than or equal to CAD 300,000 and not exceed CAD 70. The total IPO proceeds should be no less than $ 200,000 and no more than $ 50.

7. At the end of the initial public offering, there must be at least 1 million freely-tradable shares in the company's issued and pending shares;

8. At the end of the public offering, in addition to the shareholders related to VCP, the company should have at least 300 shareholders and a minimum of 1,000 freely tradable common shares;

9. In a public offering, the maximum number of shares subscribed by each direct or indirect buyer is 2% of the total number of shares;

10. In the public offering, the increase of shares shall not exceed 40% of ordinary shares.

Summary of fees required for listing on VSE

Audit fee: CAD 10,000-20,000

Attorney fee: CAD 20,000-50,000

Sponsorship fee (including evaluation report): 10,000-50,000 CAD

Application fee: CAD 0.5-10,000

Total: $ 45,000-$ 130,000

It also includes miscellaneous fees (such as printing, transfer fees, etc.) and 7% of the tax payable.