What does financing mean? What is the difference between a listed company and a non-listed company? Instead of a lot of nonsense, let's have an easy-to-understand one.

Financing is the integration of funds, which means that enterprises integrate the funds of enterprise A into enterprise B, and the use of funds between two enterprises is financing. Listed companies can get profits in the stock market, and the money comes quickly and easily, but all the financial conditions of listed companies must be disclosed to the CSRC in real time and explained to shareholders. It is not so easy to make money without listing, but the situation does not need to be made public.