The difference between Hongda Group and Hongda Xingye

Hongda Xingye and Hongda Group are two companies. Hongda Xingye is a listed company, but Hongda Group is not. The biggest difference between listed companies and unlisted companies lies in the different liquidity of enterprise property rights. Compared with unlisted companies, the property rights (stocks) of listed companies are highly mobile. If there is no listing, there will be no liquidity in the company's equity.