Legal analysis: The Company Law does not apply to public institutions. Institutions refer to organizations that state organs or other organizations manage social affairs outside government functions for the purpose of social welfare. Institutions are non-profit organizations, and the adjustment object of company law is companies. A company refers to a limited liability company and a joint stock limited company established in China in accordance with this Law, and is a profit-making legal person. Therefore, China's company law is aimed at all companies operating in China.
Legal basis: Company Law of People's Republic of China (PRC) Article 1 This Law is formulated for the purpose of regulating the organization and behavior of companies, protecting the legitimate rights and interests of companies, shareholders and creditors, maintaining social and economic order and promoting the development of socialist market economy.