What are the characteristics of listed companies?

(1) The listed company is a joint stock limited company. A joint stock limited company can be a non-listed company and 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 Company Law, 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 shall not be listed. (3) The stocks issued by listed companies are traded on the stock exchange, and those that are not traded on the stock exchange are not listed stocks. Compared with ordinary companies, the biggest feature of listed companies is that they can use the securities market to raise funds and widely absorb social idle funds, thus rapidly expanding the scale of enterprises and enhancing the competitiveness and market share of products. Therefore, after a joint stock limited company develops to a certain scale, it often takes the public listing of its shares on the exchange as an important strategic step for its development. From the international experience, almost all the world-famous large enterprises are listed companies. For example, 95 of the 500 largest companies in the United States are listed companies. First of all: a listed company is also a company and a part of it. From this perspective, companies can be divided into listed companies and unlisted companies. Secondly, listed companies divide the company's assets into several shares and trade them in the securities trading market. Everyone can buy shares of such companies and become shareholders of the company. Listing is an important channel for companies to raise funds, but the shares of unlisted companies cannot be traded in the stock exchange market (note: all companies have share ratios: state investment, personal investment, bank loans and venture capital). Listed companies need to regularly disclose their assets, transactions, annual reports and other related information to the public, while non-listed companies do not. Finally, in terms of profitability, we can't absolutely say who is good and who is bad. Listing does not mean how strong the profitability is, and not listing does not mean that there is no profitability. Of course, companies with strong profitability will be more sought after when they go public.