What is the meaning of a listed company?

According to the relevant provisions of Section 5 of Chapter 4 of the Company Law of People's Republic of China (PRC), a listed company refers to a limited company whose shares are publicly issued and listed on the stock exchange with the approval of the securities management department authorized by the State Council or the State Council. The so-called unlisted company refers to a limited liability company whose shares are not listed on the stock exchange.

A listed company is a company limited by shares. In addition to obtaining approval, listing on the stock exchange must also meet certain conditions. After the revision of the Company Law and the Securities Law, more and more enterprises will become listed companies and corporate bond listed companies.

Extended data

Listed companies require:

1. Approved by the State Council Securities Regulatory Authority, it is publicly issued to the public.

2. The total share capital of the company is not less than 30 million yuan.

3. It has been in business for more than three years, and has been making profits continuously in the last three years. The original state-owned enterprises were established according to law or newly established after the implementation of this law, and the main sponsors are large and medium-sized state-owned enterprises, which can continue to be counted.

4. There are no fewer than 65,438+0,000 shareholders holding shares with a face value of 65,438+0,000 yuan, and the publicly issued shares account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the publicly issued shares account for more than 10% of the company's total shares.

5. The company has no major illegal acts in the past three years, and its financial and accounting reports have no false records.

6. Other conditions stipulated by the State Council.

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