Is limited company a state-owned enterprise?

Limited companies are not necessarily state-owned enterprises. State-owned enterprises emphasize the controlling right of the company. As long as state-owned capital holds a controlling position, it is a state-owned enterprise. On the other hand, if non-state-owned capital holds a controlling position, it is not a state-owned enterprise.

Is limited company a state-owned enterprise?

A limited liability company is an enterprise, referred to as a limited company. Shareholders shall bear limited liability to the company with their capital contributions, and the company shall bear liability for its debts with all its assets.

As an organizational form of production and operation, state-owned enterprises have both commercial and public welfare characteristics.

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 the Company Law.