Is the limited liability company a state-owned enterprise?

Legal analysis: A limited liability company is not a state-owned enterprise, but a state-owned enterprise. It refers to the wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the country respectively, including enterprises at the same level under the supervision of the central and local state-owned assets supervision and administration institutions and enterprises formed by their step-by-step investment. It is the state that owns or controls capital, and the will and interests of the government determine the behavior of state-owned enterprises. State-owned enterprises mainly mean that the state has ownership or control over its capital, and limited liability companies are a form of organization of companies. Some units in state-owned enterprises are limited liability companies, while others are not. Limited liability companies are not all state-owned enterprises, but also non-state-owned holding companies, belonging to private enterprises. Therefore, a limited liability company is not a state-owned enterprise.

Legal basis: According to Article 36 of People's Republic of China (PRC) Company Law, the shareholders' meeting of a limited liability company is composed of all shareholders. The shareholders' meeting is the authority of the company and exercises its functions and powers in accordance with this Law.