Can a listed company provide a guarantee?

Legal analysis: Yes, but the guarantee provided by the listed company has an impact on the listing, and the guarantee forms contingent liabilities, and the listing of large items needs to be announced. The consequences of the announcement need to be judged. The external guarantee of a listed company must be reviewed by the board of directors or the shareholders' meeting. The articles of association of a listed company shall specify the authority of the shareholders' meeting and the board of directors to examine and approve external guarantees and the accountability system for violating the examination and approval authority and review procedures.

Legal basis: Article 388 of the Civil Code of People's Republic of China (PRC) establishes a security interest, and a security contract shall be concluded in accordance with this law and other laws. Guarantee contracts include mortgage contracts, pledge contracts and other contracts with guarantee functions. The guarantee contract is a subsidiary contract of the main creditor's rights and debts contract. If the principal creditor's rights and debts contract is invalid, the guarantee contract is invalid, unless otherwise stipulated by law. If the debtor, guarantor and creditor are at fault after the guaranty contract is confirmed to be invalid, they shall bear corresponding civil liabilities according to their faults.