How long can the shares of listed companies not be transferred?

Legal analysis

There is no legal time limit for this. Because of the needs of production and operation, there is no limit on the number of equity transfer within one year, and it is impossible for the law to prohibit it, because if it is prohibited, it will conflict with the equity transfer right of equity. The articles of association of a limited liability company may restrict the transfer of shares, but it shall not violate the mandatory provisions of the law (Article 72 of the Company Law). No restrictive provisions shall be made in the articles of association of a joint stock limited company.

legal ground

Article 71 of People's Republic of China (PRC) Company Law Shareholders of a limited liability company may transfer all or part of their shares to each other. Shareholders' transfer of equity to persons other than shareholders shall be approved by more than half of other shareholders. Shareholders shall notify other shareholders in writing to agree to the transfer of their shares. If other shareholders fail to reply within 30 days from the date of receiving the written notice, they shall be deemed to have agreed to the transfer. If more than half of the other shareholders do not agree to the transfer, the shareholders who do not agree shall purchase the transferred equity; Do not buy, as agreed to transfer. Under the same conditions, other shareholders have the priority to purchase the equity transferred with the consent of shareholders. If two or more shareholders claim to exercise the preemptive right, their respective purchase proportions shall be determined through consultation; If negotiation fails, the preemptive right shall be exercised in accordance with their respective investment proportions at the time of transfer. Where there are other provisions on equity transfer in the articles of association, such provisions shall prevail.