What are the good constraints and controls on the enterprise when it is listed?

Hello, after the public offering, the nature of the enterprise into a public company, the company will have thousands of public shareholders, in order to protect the rights and interests of public shareholders, listed companies to accept stricter supervision, the company's social responsibility and operating pressure will be greater.

1) There will be an increase in the number of regulatory and supervisory departments. After the public offering and listing, the enterprise must accept the supervision of the China Securities Regulatory Commission and its dispatched agencies, the listed ** exchange and other ** regulatory departments and self-regulatory organizations, and be subject to the continuous supervision of intermediaries such as sponsors.

2) There will be an increase in laws, statutes, rules, and rules that need to be followed. China's rule system for listed companies is relatively systematic and complete, and enterprises must abide by it after listing.

3) The transparency of the company needs to be improved. In order to ensure that all shareholders have a timely and comprehensive understanding of the company's situation, listed companies must disclose company information truthfully, accurately, completely, timely and fairly in accordance with the provisions of the "First Law", the "Administrative Measures for Information Disclosure of Listed Companies" promulgated by the China Securities Regulatory Commission and the "First Listing Rules" promulgated by the first exchange, and at the same time, the company and its directors, supervisors and senior managers shall ensure that the information disclosure content is true, accurate, complete, timely and fair, and there are no false records, misleading statements or major omissions.

4) The operating pressure will increase. In mature capital markets, the cost of equity capital is higher than the cost of debt capital. Investors buying a company** demand a reasonable return on their investment.

If the company is not operating well and its performance is not good, the company will be abandoned by investors and may also be hostilely acquired.

5) The binding force of major shareholders will increase. First of all, major shareholders must not engage in "one word", and must strictly abide by the "Articles of Association" and other internal systems when participating in the company's management and decision-making; secondly, it must standardize the operation, not to encroach on the assets of the listed company, and not to damage the rights and interests of the listed company; Thirdly, after the public offering and listing, the shareholding ratio of major shareholders will decrease, and their control over the company may be reduced.

Legal Analysis: A listed company is a public company that is listed and traded on an exchange. The purpose of supervising listed companies is to protect the rights and interests of investors, maintain the normal order of the market, and promote the stable and healthy development of the economy.

The scope of supervision includes corporate governance, financial reporting, information disclosure, etc. Regulators should ensure that listed companies operate in accordance with laws and regulations and comply with exchange rules and relevant laws and regulations.

Legal basis:1Article 64 of the Company Law:

A public company shall, in accordance with the provisions of laws, administrative regulations and the Company Law, perform the systems of information disclosure, public announcements, shareholders' meetings, board of directors and board of supervisors, strengthen internal audit and risk control, strengthen the protection of shareholders, creditors and other stakeholders, and safeguard the national and social public interests.

2.Article 16 of the ** Law: ** Exchange shall, in accordance with the provisions of laws, administrative regulations and ** regulatory authorities, establish and improve the market supervision system and self-discipline rules, supervise and manage ** trading behavior, maintain an open, fair and just market order, and protect the legitimate rights and interests of investors.

3.Article 2 of the Administrative Measures for Information Disclosure of Listed Companies: Listed companies shall timely, truthfully, accurately and completely disclose their business conditions, financial status, investment risks and other information related to the listed company's **transaction** or investors' decision-making, and shall not have false statements, misleading statements or important information being concealed.