In a joint stock limited company, the stock is a certificate issued by the company to prove the shares held by shareholders, and it is also the identity certificate of shareholders. Shareholders can hold the company's shares as shareholder certificates, and the shares are generally in paper form or other forms as stipulated by the the State Council Securities Regulatory Authority.
Legal basis: People's Republic of China (PRC) Company Law.
Article 31 After the establishment of a limited liability company, it shall issue a capital contribution certificate to the shareholders.
Article 32 A limited liability company shall keep a register of shareholders, which shall record the following items:
(1) the name and domicile of the shareholders;
(2) Capital contribution of shareholders.
(3) The serial number of the capital contribution certificate.
Shareholders recorded in the register of shareholders may exercise their rights according to the register of shareholders.
Article 125 The capital of a joint stock limited company is divided into shares, each with the same amount.
The shares of the company take the form of shares. A stock is a certificate issued by a company to prove the shares held by shareholders.
Article 128 The shares shall be in paper form or other forms as stipulated by the the State Council Securities Regulatory Authority.