Can executives of listed companies serve in two companies at the same time?

There are no special restrictions.

Article 58 of the Company Law: State civil servants shall not concurrently serve as directors, supervisors and managers of the company.

Law on State-owned Assets of Enterprises: The directors, managers and other senior staff of a wholly state-owned company may not concurrently serve as the heads of other limited liability companies, joint stock limited companies or other business organizations without the consent of the institutions or departments authorized by the state to invest.

It can be seen that non-state-owned capital holding enterprises do not have these stresses. If one or two of the two subsidiaries in the future are controlled by state-owned capital after the equity transfer, then the part-time job needs the authorization of the relevant institutions, and it can be part-time after authorization.

Extended data:

Company Law of the People's Republic of China

Article 1 This Law is formulated for the purpose of regulating the organization and behavior of companies, protecting the legitimate rights and interests of companies, shareholders and creditors, maintaining social and economic order and promoting the development of socialist market economy.

Article 2 The term "company" as mentioned in this Law refers to limited liability companies and joint stock limited companies established in China according to this Law.

Article 3 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.

Article 4 Shareholders of a company shall enjoy the right to return on assets, participate in major decisions and choose managers according to law.

Article 5 A company engaged in business activities must abide by laws, administrative regulations, social ethics and business ethics, be honest and trustworthy, accept the supervision of the government and the public, and assume social responsibilities.

Baidu Encyclopedia-People's Republic of China (PRC) and China Company Law