Provisions on guarantee of state-owned assets

Providing a large amount of guarantee for others shall abide by the provisions of laws, administrative regulations and the articles of association of the enterprise, and shall not harm the rights and interests of investors and creditors.

Legal basis:

Article 30 The merger, division, restructuring and listing of state-funded enterprises, increase or decrease of registered capital, issuance of bonds, major investments, provision of large guarantees for others, transfer of major property, large donations, distribution of profits, dissolution and filing for bankruptcy shall comply with the provisions of laws, administrative regulations and the articles of association of the enterprise, and shall not harm the rights and interests of investors and creditors.