What's the difference between listing and listing? In general, listing refers to the IPO behavior of a company limited by shares in the stock exchange that meets all kinds of conditions. In the current Chinese environment, only the companies trading shares in the Shanghai Stock Exchange and Shenzhen Stock Exchange are listed companies in the true sense. The first public transfer of shares in the stock exchange or the new third board can only be called listing.
The role of listing is almost the same as listing, but because of the problems of scale and real-time trading, it will not be as prominent as listing in all aspects. At the same time, the time and cost of listing is much less than listing.
For China's capital market, there are so many ignorant people that equity listing is understood as listing. In order to obtain better advertising effect and more financing, many small and medium-sized enterprises can only choose to be listed on the stock exchange or the new third board instead of listing.
1. Public company: a public company is a company limited by shares that issues shares to non-specific objects or to specific objects so that the number of shareholders exceeds 200.
2. Private company: a company registered in the name of an individual, which does not belong to the state or collective management;
3. Listed company: refers to a company limited by shares whose shares are approved by the State Council or the securities administration department authorized by the State Council to be listed and traded in the stock exchange.
4. Unlisted public company: refers to the public company whose shares are not listed or traded on the stock exchange.
5. Non public company: the shares of the so-called "non-public company" are not issued as public companies (similar to fund raising);
Due to the lack of clear provisions on such issues in Chinese law, the share transfer of such companies has been unable to proceed normally. Unlisted non-public companies are the same as above. The difference has been separated in qualitative analysis. The new third board is listed without financing, and does not issue shares to unspecified objects. The main board must issue additional shares to unspecified objects.
What is the difference between listing and listing
First, the purpose is different. The purpose of enterprise listing is financing, because when listing, it is necessary to issue new shares, that is, when listing, many people will buy new shares (new shares), and the money will automatically enter the account of the listed company, thus the listed company can achieve the purpose of financing. Enterprise listing is for the purpose of standardized operation, because listing at the same time is absolutely not allowed to issue stock financing, enterprises listed in addition to subject to very strict supervision, there is no more income (many enterprises try to realize their own operation standard through listing, and then carry out financing, but most can not achieve the purpose), so the vast majority of listed enterprises will decline or die (strict supervision) But there is no money.
Second, the regulatory, executive and operational agencies are different. The regulatory agency of domestic listed companies is China Securities Regulatory Commission, the executive agency is Shanghai and Shenzhen stock exchanges, and the operating agency is securities companies, accounting firms and law firms approved by China Securities Regulatory Commission. Domestic listed companies are supervised by local governments, executed by local stock exchanges, and operated by institutions designated by stock exchanges.
Third, the core laws and regulations are different. The most important law followed by Chinese listed companies is the securities law, which is directly enforced by the joint conference of the State Council. The main law followed by listed companies is the company law, which is enforced by the local public security law. Although there are many similarities in the forms of listing and listing, they are totally different in nature. In addition to the above three points, there are actually many differences between the two. Please identify them carefully. 、
In China, the main board, small and medium-sized board and growth enterprise board are listed. The new third board and local stock exchanges are listed. The same is true overseas. For example, the main boards of New York and NASDAQ are listed. OTC and pink list markets are listed.