Jidong Cement (000401); Sanfu shares (603938); Sanyou Chemical (600409); Huida Sanitary Ware (603385); Kailuan shares (600997); Jidong Equipment (000856); Tangshan Port (601000); Zhonghui shares (30037 1).
A listed company is a specific part of a company limited by shares. Public offering of shares has reached a considerable scale, and its shares have been approved to enter the centralized securities trading market according to law. When a joint stock limited company applies for listing its shares, it shall submit relevant documents to the stock exchange. A stock exchange shall decide whether to accept the listing and trading of its shares in accordance with this Law and relevant laws and administrative regulations.
Promote market-oriented mergers and acquisitions. Give full play to the role of the capital market as the main channel for mergers and acquisitions, and encourage listed companies to revitalize their stocks, improve quality and efficiency, and transform and develop. Improve the system of assets reorganization, acquisition and split listing of listed companies, enrich payment and financing tools, and stimulate market vitality. Give play to the role of securities market price, valuation and asset evaluation results in the transaction pricing of state-owned assets, and support state-owned enterprises to carry out mixed ownership reform relying on the capital market. Support domestic listed companies to issue shares to purchase overseas high-quality assets, and allow more qualified overseas investors to make strategic investments in domestic listed companies to enhance their international competitiveness.
Improve the financing system of listed companies. Strengthen the coordination and balance between the financing side and the investment side of the capital market, and guide listed companies to optimize financing arrangements in light of development needs and market conditions. Improve the refinancing conditions of listed companies and study and introduce more convenient financing methods. Support listed companies to carry out long-term debt financing by issuing bonds. We will steadily develop products that combine preferred stocks and bonds. Vigorously develop stock funds. Enrich risk management tools. Explore the establishment of a long-term assessment mechanism for institutional investors to attract more medium and long-term funds to enter the market.
First, the benefits of listed companies
1. Go get the money.
The boss of the company sells a part of the company to the public, which is equivalent to letting the public take risks with themselves. For example, if you lose 100%, you lose 100, lose 50%, and you only lose 50.
3. Increase the liquidity of shareholders' assets.
4. Escape from the control of the bank, there is no need to take the bank loan exam.
5. Improve the transparency of the company and increase public confidence in the company.
6. Improve the company's popularity.
7. If certain shares are transferred to managers, the contradiction between managers and company holders can be improved.
Second, the disadvantages of listed companies
1. Going public costs money.
2. While enhancing transparency, many secrets are exposed.
3. Inform shareholders of the company's information at regular intervals after listing.
4. It may be maliciously controlled.
When listing, if the stock price is set too low, it will be a loss for the company. In fact, this is a common practice, and almost all companies will set their share prices lower when they go public.