Legal basis: Article 3 of the Company Law of People's Republic of China (PRC) stipulates that a 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. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.
Article 57 of the Civil Law of People's Republic of China (PRC) stipulates that a legal person is an organization with civil rights and capacity for civil conduct, and enjoys civil rights and undertakes civil obligations independently according to law.