How to turn equity into cash after listing?

Legal analysis: After listing, equity can be converted into cash by pledge or transaction. A publicly issued stock shall be listed and traded on a legally established stock exchange or other national stock exchange approved by the State Council, by means of public centralized trading or other means approved by the securities regulatory authority of the State Council.

Legal basis: Securities Law of People's Republic of China (PRC).

Article 37 The publicly issued securities shall be listed and traded on the legally established stock exchange or other national stock exchange sites approved by the State Council. Non-public offering of securities can be transferred in stock exchanges, other national securities trading places approved by the State Council and regional equity markets established in accordance with the provisions of the State Council.

Article 38 When securities are listed and traded on a stock exchange, the open centralized trading method or other methods approved by the the State Council Securities Regulatory Authority shall be adopted.