科创板与主板、中小板、创业板有何区别 导读：无论是发行条件还是审核权力、定价机制以及交易机制等多个方面，科创板都与现有的主板、中小板、创业板有很多不同。 01发行上市条件更包容——财务指标不是唯一 主板、中小板和创业板的发行上市条件，都只参考财务指标。主板、中小板对盈利的连续性和绝对金额要求比较高，创业板的盈利条件相对宽松，但都是需要企业连续盈利，才可以发行上市。 科创板的发行上市条件，包容性就强...
科创板与主板、中小板、创业板有何区别
daodu：wulunshifaxingtiaojianhaishishenhequanli、dingjiajizhiyijijiaoyijizhidengduogefangmian，kechuangbandouyuxianyoudezhuban、zhongxiaoban、chuangyebanyouhenduobutong。
01 发行上市条件更包容——财务指标不是唯一
zhuban、zhongxiaobanhechuangyebandefaxingshangshitiaojian，douzhicankaocaiwuzhibiao。zhuban、zhongxiaobanduiyinglidelianxuxinghejueduijineyaoqiubijiaogao，chuangyebandeyinglitiaojianxiangduikuansong，dandoushixuyaoqiyelianxuyingli，caikeyifaxingshangshi。
kechuangbandefaxingshangshitiaojian，baorongxingjiuqiangdeduo，shejile5taobiaozhun，baokuoshizhi、yingshou、jingyinghuodongxianjinliu、yanfatouruhechanpindejishuyoushidengzongheyinsu。suiranyecankaocaiwuzhibiao，danqiangdiaochixujingyingnengli，buqiangdiaochixuyinglinengli。shangweiyinglihuocunzaileijiweimibukuisundeqiye，zhiyaohexinchanpinyoumingxianjishuyoushi，jiukeyizaikechuangbanfaxingshangshi。
02 上市审核及注册——审核权力转移给上交所
zhuban、zhongxiaobanhechuangyebandoushihezhunzhi，youzhengjianhuifashenweiduiqiyedeshenbaocailiaojinxingshenhe。
kechuangbanshixingzhucezhi，youshangjiaosuofuzefaxingshangshishenhe，zhengjianhuizuochuzhunyuzhucedejueding。
03 定价机制市场化——定价更准确
zhuban、zhongxiaobanhechuangyeban，muqiandedingjiajizhi，doushicaiyongzhijiedingjiafangshi，yuanzeshangyijingtaishiyinglv23beiweifaxingjia。
kechuangbanquanmiancaiyongshichanghuaxunjiadedingjiafangshi。kechuangbandefaxing，chulebaoliuzhuban、zhongxiaobanhechuangyebandewangshang+wangxiapeishoujizhizhiwai，wangxiapeishouduixiangcongyuanlai6leizengzhi7lei，yinrusimucanyuwangxiaxunjiapeishou。ciwaihaishixingbaojianjigougentoujizhi、guligaoguancanyuzhanlvepeishou、yinrulvxiejizhideng，baozhengdingjiajizhishichanghua。
04 交易机制更灵活——价格波动更大
zhuban、zhongxiaobanduitouzizhedezijinliangmeiyaoqiu，chuangyebanyaoqiutouzizhegerenzhengquanhuozijinzhanghuzai50wanyishang。zhuban、zhongxiaobanhechuangyebandejiaoyizhangdiefuxianzhidouzai10%yinei，xingushangshishouri，youxiaoshenbaojiagexianzhizaifaxingjiagede144%。
kechuangbandejiaoyijizhibianhuahenda。
1、duitouzizhegerenzhengquanjizijinzhanghudemenjianshi50wan，zheiyidianhechuangyebanxiangtong，youbieyuzhuban、zhongxiaobandelingmenjian。
2、zhangdiefuxianzhifangkuandao20%，shoufa、zengfashangshidegupiao，shangshihouqian5gejiaoyiribushezhangdiefuxianzhi。
3、zengjialepanhougudingjiagejiaoyi，zheishizhuban、zhongxiaobanhechuangyebandoumeiyoude。
4、kechuangbangupiaozishangshishouriqijiukezuoweirongzirongquanbiaode，erzhuban、zhongxiaobanhechuangyebandegupiao，zairongzirongquanfangmianyouyangexianzhi。
5、zaijiaoyishuliangfangmian，kechuangbandedanbishenbaoshuliangshibuxiaoyu200gu，kean1guweidanweidizeng，xianjiashenbaozuidabuchaoguo10wangu，shijiashenbaozuidabuchaoguo5wangu。zhuban、zhongxiaobanhechuangyeban，danbishenbaoshuliangdoushi100guhuoqizhengshubei，shenbaoshangxianshi100wangu。youyuzhangdiefudekuoda，rongzirongquandefangkai，shidekechuangbangupiaodebodong，jiangbizhuban、zhongxiaobanhechuangyebandadeduo。
05 持续监管更严格——更容易触发退市
zaigongsizhilihechixujianguanfangmian，kechuangbandeyaoqiuyaobizhuban、zhongxiaobanhechuangyebanyangededuo。huanjuhuashuo，kechuangbanqiyegengrongyichufatuishi。
zaituishitiaojianfangmian，hezhuban、zhongxiaoban、chuangyebanyiyang，yousitaozhibiao：zhongdaweifazhibiao、jiaoyileizhibiao、caiwuleizhibiaoheguifanleizhibiao。zhiyaochufaqizhongyitiao，jiuhuituishi。
dankechuangbandebutongdianzaiyu：
1、quxiaolezantingshangshi、huifushangshihuanjie；
2、chujicaiwuleituishizhibiaodegongsi，diyinianshishituishifengxianjingshi，diernianrengchujijituishi；
3、xianjiezhucezhianpai，buzaishezhizhuanmendezhongxinshangshihuanjie；
4、yinzhongdaweifaqiangzhituishide，budetichuxindefaxingshangshishenqing，yongjiutuichushichang。zheiyejiuyiweizhe，ruguotaoyongdiwutaozhibiao（meiyouyingli，danzhuyaochanpinzaijishushangyouzhongdatupo）shangshidekuisungongsi，zaishangshihouzhiyouliangniandeshijianchuangkou，ruguoliangnianneibunengyingli，jiuhuibeituishi。
06 允许分拆上市
kechuangbandadaoyidingguimodeshangshigongsi，keyifenchaichengyewuduli、fuhetiaojiandezigongsishangshi。zheiyitiaozaizhuban、zhongxiaobanhechuangyebanhaibubeiyunxu。
kefuweixin：（id1234562011）benwenlianjie：//www.changchenghao.cn/n/401172.html
