Limited companies do not necessarily belong to listed companies. According to Chinese laws, limited companies include limited liability companies, one-person limited liability companies and joint stock companies. Only a joint stock limited company whose shares are listed on the stock exchange can become a listed company.
Legal objectivity:
Article 3 of the Company Law of People's Republic of China (PRC) is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them. Article 4 of the Company Law of People's Republic of China (PRC) * * * The shareholders of the company shall enjoy the rights of earning assets, participating in major decisions and selecting managers according to law. People's Republic of China (PRC) Company Law Article 120 A listed company as mentioned in this Law refers to a joint stock limited company whose shares are listed and traded on a stock exchange. Article 121 of the Company Law of People's Republic of China (PRC) If a listed company purchases or sells major assets or the amount of guarantee exceeds 30% of the company's total assets within one year, it shall make a resolution at the shareholders' general meeting, which shall be passed by more than two thirds of the voting rights held by the shareholders present at the meeting.