What is a listed company?
The listed company refers to a joint stock limited company whose publicly issued shares have been approved for listing and trading on the stock exchange by the securities administration department authorized by the State Council or the State Council according to the relevant provisions in Section 5 of Chapter 4 of the Company Law of the People's Republic of China. The so-called unlisted company refers to a joint stock limited company whose shares are not listed and traded on the stock exchange.
A listed company is a kind of joint stock limited company. In order to go public on the stock exchange, it must meet certain conditions in addition to approval. After the revision of the Company Law and the Securities Law, more enterprises will become listed companies and companies whose corporate bonds are listed and traded.
listing requirements:
1. The shares have been publicly issued to the public with the approval of the State Council securities regulatory authority.
2. The total share capital of the company is not less than RMB 3 million.
3. It has been in business for more than three years, and has been making profits continuously in the last three years; If the original state-owned enterprise is established after being rebuilt according to law, or if it is newly established after the implementation of this law, its main sponsors are large and medium-sized state-owned enterprises, it can be counted continuously.
4. The number of shareholders holding shares with a face value of more than RMB 1, is not less than 1,, and the shares issued to the public account for more than 25% of the total shares of the company; If the company's total share capital exceeds 4 million yuan, the proportion of its shares issued to the public is more than 1%.
5. The company has no major illegal acts in the last three years, and there are no false records in the financial and accounting reports.
6. Other conditions stipulated by the State Council.
Features:
1. The listed company is a joint stock limited company.
A joint stock limited company can be a non-listed company, which has the general characteristics of a joint stock limited company, such as shareholders' limited liability, ownership and management rights. Shareholders participate in company decision-making by electing the board of directors and voting.
2. A listed company must be approved by the competent government department.
according to the provisions of the company law, the listing of a joint stock limited company must be approved by the securities management department authorized by the State Council or the State Council. Without approval, it may not be listed.
3. The stocks issued by listed companies are traded in the stock exchange.
the stocks that are issued and not traded on the stock exchange are not listed stocks.