Does the financing of listed companies really need to be announced?

The financing of listed companies needs to be made public. According to the Company Law of People's Republic of China (PRC), listed companies must disclose their financial status, business operations and major lawsuits in accordance with laws and administrative regulations, and publish their financial and accounting reports every six months. All funds of listed companies should be announced to the public to ensure all shareholders' right to know.

legal ground

Article 120 of the Company Law of People's Republic of China (PRC)

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 145th of the Company Law of People's Republic of China (PRC)

A listed company must disclose its financial status, business operations and major lawsuits in accordance with the provisions of laws and administrative regulations, and publish its financial and accounting reports every six months in each fiscal year.