What's the difference between listed companies and unlisted companies?

Listing is an important channel for company financing. A listed company divides the assets of a joint stock limited company into several shares and trades them in the stock exchange market. Everyone can buy shares in this company and become a shareholder in this company. Compared with ordinary companies, the biggest feature of listed companies is that they can use the securities market to raise funds, thus rapidly expanding the scale of enterprises.

Listed companies are also companies, and the main differences with non-listed companies are as follows:

1. Listed companies have stricter requirements for financial disclosure than unlisted joint-stock companies;

2. Shares of listed companies can be traded and circulated on stock exchanges, while shares of unlisted companies cannot be traded and circulated on stock exchanges;

3. The accountability systems of listed companies and unlisted companies are different;

4. A listed company has been in business for more than 3 years, and its total share capital meets certain conditions, but a non-listed company does not need to meet these conditions.