The full text of China's Company Law covers the definition, establishment, organization, behavior and legal liability of a company. 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.
Legal objectivity:
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. People's Republic of China (PRC) Company Law Article 2 The term "company" as mentioned in this law refers to a limited liability company and a joint stock limited company established in China according to this law.