legal ground
Article 3 of People's Republic of China (PRC) Company Law
The company is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for its debts with all its property.
Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.
Article 4
Shareholders of a company shall enjoy the right to return on assets, participate in major decisions and choose managers according to law.
Article 57 of the Civil Code
A legal person is an organization that has the capacity for civil rights and civil conduct, enjoys civil rights and undertakes civil obligations independently according to law.
Article 76
A legal person established for the purpose of obtaining profits and distributing them to shareholders and other investors is a profit-making legal person.
For-profit legal persons include limited liability companies, joint stock limited companies and other corporate legal persons.