The listed company refers to a company limited by shares whose publicly issued shares have been approved by the State Council or the securities management department authorized by the State Council to be listed on a stock exchange. The so-called unlisted company refers to a company limited by shares whose shares are not listed or traded on stock exchanges.
A listed company is a type of company limited by shares. In addition to approval, certain conditions must be met for such companies to be listed and traded on the stock exchange. After the "Company Law" and "Securities Law" are revised, it will help more companies become listed companies and companies whose corporate bonds are listed and traded.