A limited company may become a general partner, and after becoming a general partner, it shall bear unlimited joint and several liabilities for the debts of the partnership. China's "Company Law" stipulates that companies can invest in other enterprises; However, unless otherwise provided by law, investors shall not be jointly and severally liable for the debts of the invested enterprises.
Legal objectivity:
Company Law of the People's Republic of China
Article 15
Companies can invest in other enterprises;
However, unless otherwise provided by law, investors shall not be jointly and severally liable for the debts of the invested enterprises.
People's Republic of China (PRC) partnership enterprise law
essay
Wholly state-owned companies, state-owned enterprises, listed companies, public welfare institutions and social organizations may not become general partners.