Legal analysis: before the reform of state-owned enterprises, the state-owned nature of the original state-owned enterprises was transformed into mixed-ownership enterprises, whose shareholders were composed of state-owned assets management departments and other non-state-owned shareholders, generally state-owned holding enterprises, and their nature was no longer pure state-owned enterprises or pure private enterprises. After the reform, its owner is the shareholders' meeting, which exercises the highest power. Shareholders vote on major issues of the company according to the number of shares they hold.
Legal basis: Article 3 of People's Republic of China (PRC) Company Law 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.