Legal provisions on the restructuring of state-owned enterprises

Legal analysis: the restructuring of state-owned enterprises refers to the transformation of wholly state-owned enterprises, wholly state-owned companies and state-controlled enterprises (excluding state-controlled listed companies) into corporate enterprises, joint-stock cooperative enterprises or Sino-foreign joint ventures with state-owned capital holding, relative holding and equity participation, that is, to change the original system and operation mode of state-owned enterprises to adapt to the development of socialist market economy.

Legal Basis: Notice of the General Office of the State Council on Printing and Distributing the Implementation Plan for the Reform of the Corporate System of Central Enterprises Article 1 To promote the reform of the corporate system, central enterprises should formulate feasible reorganization plans in accordance with the requirements of modern enterprise system and actual conditions, and clarify matters such as reorganization methods, property rights structure setting, creditor's rights and debts handling, corporate governance arrangements, labor and personnel distribution system reform, and draft or amend the articles of association in accordance with relevant regulations.