Can a listed company withdraw its capital from the stock market?

Legal analysis: listed companies cannot take money from the stock market, which is illegal; According to the Company Law of People's Republic of China (PRC), the shares issued by listed companies are used for production and operation. If they meet the legal requirements, they can buy shares of the company, but they can't withdraw money from the stock market.

Legal basis: Article 142 of the Company Law of People's Republic of China (PRC), a company may not purchase its shares. However, except for one of the following circumstances:

(1) Reduce the registered capital of the company.

(2) Merging with other companies holding shares of the Company;

(3) Using shares for employee stock ownership plan or equity incentive;

(4) Shareholders request the company to purchase their shares because they disagree with the resolution of merger or division made by the shareholders' meeting;

(5) Using shares for the conversion of corporate bonds convertible into shares by listed companies.

(6) The need for listed companies to safeguard their own values and shareholders' rights and interests.