1 The listed company is a joint stock limited company, which has all the legal characteristics of a joint stock limited company, such as a wide number of shareholders, open and free issuance and transfer of shares, equality of shares, and open operation of the company;
A listed company refers to a joint stock limited company that meets the statutory listing conditions. China's company law has strict regulations on listing conditions, and only qualified shares of a joint stock limited company can be listed and traded on the stock exchange.
The shares of listed companies are listed and traded on the stock exchange. Although a joint stock limited company meets the listing requirements, its issued shares do not necessarily enter the stock exchange for trading. A joint stock limited company whose shares are listed on the stock exchange can only be called a listed company after being approved according to law. Most companies are joint-stock companies. Of course, if the company is not listed, these shares are only in the hands of a small number of people. When the company develops to a certain extent, it needs funds to develop. Listing is a good way to attract capital. A company puts some of its shares on the market, sets a certain price, and allows these shares to be traded in the market. The money from the sale of shares can be used for further development. A stock represents a part of a company. For example, a company has 6,543.8+0,000 shares, the chairman holds 5,654.38+0,000 shares, and the remaining 490,000 shares are sold in the market, which is equivalent to selling 49% of the company's shares to Dazhong. Of course, the chairman can also sell more shares to Dazhong, but there are certain risks. If the malicious acquirer holds more shares than the chairman, the ownership of the company will change. Generally speaking, listing has both advantages and disadvantages.
Legal basis:
Article 48 of the Securities Law of People's Republic of China (PRC) * * * An application for listing of securities shall be submitted to the stock exchange, which shall examine and approve it 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.
Derivative problem:
What are the listing conditions of the company?
A joint stock limited company applying for listing its shares must meet the following conditions:
1. With the approval of the State Council securities management department, the stock has been publicly issued to the public;
2. The total share capital of the company is not less than RMB 50 million;
3. It has been in business for more than three years and has been profitable for three consecutive years; The original state-owned enterprises were established after being rebuilt according to law, and the main sponsors are large and medium-sized state-owned enterprises, which can be calculated continuously;
4. The number of shareholders holding shares with a face value of more than RMB 65,438+0,000 is not less than 65,438+0,000, and the shares publicly issued to the public account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of its shares issued to the public is more than 15%;
5. The company has no major illegal acts within three years, and its financial and accounting reports have no false records;
6. Other conditions stipulated by the State Council.