1. It is necessary to regularly disclose the company's assets, transactions, annual reports and other related information to the public, but it is not necessary for non-listed companies.

2. We can use the securities market to raise funds and extensively absorb social idle funds, thus rapidly expanding the scale of enterprises and enhancing the competitiveness and market share of products.

3. Enterprises can establish brands and improve corporate image and popularity.

A listed company refers to a joint stock limited company whose publicly issued shares are listed and traded on the stock exchange with the approval of the securities administration department authorized by the State Council or the State Council. The types of listed companies are divided into stock listed companies and bond listed companies. 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.

According to the provisions of Article 50 of China's Securities Law, a joint stock limited company applying for listing its shares must meet the following conditions:

(1) The shares are publicly issued with the approval of the State Council Securities Regulatory Authority;

(2) The total share capital of the company is not less than 30 million yuan;

(3) The publicly issued shares account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of publicly issued shares exceeds10%;

(four) the company has no major illegal acts in the last three years, and its financial and accounting reports have no false records;

(5) A stock exchange may prescribe conditions higher than those prescribed in the preceding paragraph and report them to the the State Council securities regulatory authority for approval. A listed company must regularly disclose its financial status and operation in accordance with the provisions of laws and administrative regulations, and publish its financial and accounting reports every six months in each fiscal year. The above conditions are to make the listed company with high quality, large scale and reasonable equity distribution, form a certain transaction volume and form a good reputation among investors.

The characteristics of listed companies are:

(1) The listed company is a joint stock limited company.

(2) A listed company must be approved by the competent government department.

(3) Shares issued by listed companies are traded in stock exchanges.

The listing procedures of listed companies are as follows:

(1) Apply to the securities regulatory agency for listing.

(2) Accept the approval of the securities regulatory authorities.

(3) Apply to the listing committee of the stock exchange for listing.

(4) The listing announcement after the stock exchange unifies the listing and trading of shares.