Legal basis: People's Republic of China (PRC) Company Law.
Article 2 The term "company" as mentioned in this Law refers to limited liability companies and joint stock limited companies established in China according to this Law.
Paragraph 1 of Article 3: A 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.
Paragraph 2 of Article 3: Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution, and shareholders of a limited liability company shall be liable to the company to the extent of their subscribed shares.