1. Private enterprises: All non-public enterprises are collectively referred to as private enterprises. In the Company Law, enterprises are classified according to their forms of capital organization, mainly including: wholly state-owned, state-holding companies, limited liability companies, joint stock limited companies (also divided into listed companies and unlisted companies), partnerships and sole proprietorship enterprises. According to the definition of the connotation of private enterprises, except for state-owned sole proprietorship and state holding, as long as there is no state-owned capital, other types of enterprises are private enterprises.
2. Listed company: refers to a joint stock limited company whose 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 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 joint-stock limited liability company, which has the general characteristics of a joint-stock limited company, such as shareholders' limited liability, ownership and management rights.
3. The difference between them: private enterprises can be transformed into listed companies and modern joint-stock enterprises through restructuring; Compared with private enterprises, 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.
: What are the conditions for a listed company?
According to the relevant laws and regulations of our country, the conditions that a company needs to have an initial public offering of shares include a sound and well-functioning organization; Have the ability of sustainable operation, etc.
The initial public offering of new shares issued by a company shall meet the following conditions:
(1) Having a sound organizational structure;
(2) It has the ability of continuous operation;
(3) The financial and accounting reports of the last three years have been issued with unqualified audit reports;
(4) The issuer and its controlling shareholder or actual controller have not committed any criminal acts of corruption, bribery, embezzlement, misappropriation of property or disturbing the order of the socialist market economy in the last three years;
(5) Other conditions as stipulated by the the State Council Securities Regulatory Authority approved by the State Council.
Legal basis: Article 48 of the Company Law shall apply, the stock exchange shall examine and approve according to law, and both parties shall sign a listing agreement. The stock exchange arranges the listing and trading of government bonds according to the decision of the department authorized by the State Council.