The difference between listing and auction

Listing is a broad concept, which has different understandings in the fields of stock market, service industry and professional sports. Comparing listing and auction in the same dimension, this often happens in the process of transferring state-owned assets, especially state-owned construction land use rights and mining rights.

Taking the right to use state-owned construction land as an example, according to the provisions on transferring the right to use state-owned construction land through bidding, auction and listing:

Listing transferring the right to use state-owned construction land means that people issue a listing announcement, announce the trading conditions of the land to be transferred in the designated land trading place within the time limit specified in the announcement, accept the bidder's quotation application and update the listing price, and determine the behavior of the right holder of state-owned construction land according to the bidding results at the end of the listing period or the on-site bidding results.

Auction transfer of the right to use state-owned construction land refers to the act of letting people publish an auction announcement, bidders conduct public bidding at a specified time and place, and determine the right holder of state-owned construction land according to the bidding results.

In terms of certainty, listing is certain and auction is uncertain; According to the order of behavior, listing comes first and auction comes last.

legal ground

Provisions on Transferring the Right to Use State-owned Construction Land by Bidding, Auction and Listing Article 2 These Provisions shall apply to the establishment of the right to use state-owned construction land on the surface, above ground or underground of land through bidding, auction and listing in People's Republic of China (PRC).

The term "transferring the right to use state-owned construction land by tender" as mentioned in these Provisions refers to the behavior of the administrative department of land and resources of the people's government of the city or county (hereinafter referred to as the transferor) to issue a tender announcement, invite specific or unspecified natural persons, legal persons and other organizations to participate in the bidding for the right to use state-owned construction land, and determine the owner of the right to use state-owned construction land according to the bidding results.

The term "transferring the right to use state-owned construction land by auction" as mentioned in these Provisions refers to the act of letting people publish an auction announcement, and bidders conduct public bidding at a specified time and place, and determine the right holder of state-owned construction land according to the bidding results.

The term "listing transferring the right to use state-owned construction land" as mentioned in these Provisions refers to the act of letting people issue a listing announcement, listing the trading conditions of the land to be transferred in the designated land trading place within the time limit specified in the announcement, accepting the bidder's quotation application and updating the listing price, and determining the right to use state-owned construction land according to the bidding results at the end of the listing period or the on-site bidding results.