Can a listed company transfer state-owned shares?

Legal analysis: listed companies can transfer state-owned shares. The state-owned assets of enterprises belong to the state, and the transfer of state-owned shares is decided by the state-owned assets supervision and administration institution. The transfer of all state-owned shares or part of state-owned shares, so that the state no longer has a controlling position, shall be reported to the people's government at the same level for approval.

Legal basis: Provisional Regulations on the Supervision and Administration of State-owned Assets of Enterprises.

Article 2 These Regulations shall apply to the supervision and administration of state-owned assets of state-owned enterprises, state-holding enterprises and state-holding enterprises. These regulations are not applicable to the supervision and management of state-owned assets of financial institutions.

Article 23 The state-owned assets supervision and administration institution decides on the transfer of state-owned shares of the enterprises it contributes. Among them, the transfer of all state-owned shares or part of state-owned shares, so that the state no longer has a holding position, reported to the people's government at the same level for approval.