Joint-stock enterprise refers to a form of enterprise organization in which two or more stakeholders voluntarily combine and operate in the form of joint-stock system. It is an enterprise organization form that adapts to the needs of socialized mass production and market economy development, realizes the relative separation of ownership and management rights, and is conducive to strengthening enterprise management functions. The characteristics of joint-stock enterprises are: (1) issuing shares as a certificate for shareholders to participate in enterprise management; (2) Establish the internal organizational structure of the enterprise. The shareholders' meeting is the highest authority of joint-stock enterprises, the board of directors is the permanent body of the highest authority, and the general manager presides over daily production and business activities; (3) With the assumption of risk responsibility, the ownership income of joint-stock enterprises is scattered, and the operating risks are shared by many shareholders; (4) It has a strong dynamic mechanism, and many shareholders care about the operation of enterprise assets from the perspective of interests, which makes the major decisions of enterprises tend to be optimized, and the development of enterprises can be based on the interest mechanism.