There are different views on the concept of private enterprises in economics. One view is that private enterprises are legal person economic entities with private investment, private operation, private enjoyment of investment income and private undertaking of business risks. Another view is that relatively state-owned enterprises can be divided into state-owned private enterprises and private private enterprises according to different forms of ownership. The property rights of state-owned private enterprises belong to the state, and the lessee shall, in accordance with the requirements of the market economy, raise funds by itself, operate independently, be responsible for its own profits and losses and bear its own risks. Private enterprises refer to individual enterprises and private enterprises.
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 joint stock limited company whose publicly issued shares are approved by the securities management department authorized by the State Council or the State Council to be listed and traded on the stock exchange. The so-called unlisted company refers to a joint stock limited company whose shares are not listed and traded on the stock exchange.
Therefore, listed private enterprises are listed companies. But listed companies are not necessarily private enterprises, but may also be state-owned enterprises or state-owned private enterprises.