1. A listed company is a joint stock limited company registered in China, and its shares are listed and traded in the agency share transfer system, as opposed to listed companies. A stock exchange is an on-market market, that is, a joint-stock company that does not trade on the on-market market can only be called a listed company.
2. Legal basis: Article 3 of People's Republic of China (PRC) Company Law.
Company definition and shareholder liability A company is an enterprise legal person, which has independent legal person property and enjoys legal person property rights. The company is liable for its debts with all its property.
Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.
Second, the difference between listing and listing?
Some differences between lists and lists are as follows:
1, different platforms. Listing and company listing are different places. Listing is usually listed in local equity exchange centers, such as the New Third Board. The stock issuance places of listed companies are stock exchanges, including Shanghai Stock Exchange, Shenzhen Stock Exchange and Beijing Stock Exchange.
2. The scale is different. Under normal circumstances, companies that can be listed on the exchange are larger than listed companies, and generally belong to better and more mature enterprises. Listed companies mainly focus on innovative and entrepreneurial growth of medium-sized enterprises, and their requirements for profitability will be relatively low.
3. The trading rules are different. The stocks of listed companies are mainly traded by agreement, market making or bidding, with relatively few participants and less liquidity. The liquidity of listed companies is relatively high, generally mainly through intraday trading or after-hours block trading.
4. The degree of risk is different. Under normal circumstances, listed companies have great potential, but the risks and uncertainties will be relatively high. Therefore, the capital threshold requirements for participating in the transactions of listed companies will be higher.