What are the legal provisions for joint-stock companies in China?

Legal analysis: According to China's company law, the establishment of a joint stock limited company can take two ways: initiation or offering; Where a joint stock limited company is established, there shall be two to two hundred promoters, and more than half of the promoters must have a domicile in China.

Legal basis: People's Republic of China (PRC) Company Law.

Article 77 A joint stock limited company may be established by means of initiation or offering. A promoter refers to a company established by the promoters who subscribe for all the shares that should be issued by the company. The establishment by public offering means that the promoters subscribe for part of the shares that should be issued by the company and raise the remaining shares to the public or specific objects to establish the company.

Article 78 To establish a joint stock limited company, there shall be two or more promoters, more than half of whom shall have their domicile in China.