Shareholders of a company are usually not liable for debts, but they are liable under special circumstances.
Legal basis: People's Republic of China (PRC) Company Law.
Article 115 A company may not provide loans to directors, supervisors or senior managers directly or through subsidiaries.
The third paragraph of article 20 stipulates this system: the company abuses its independent status as a legal person and limited liability of shareholders; Those who evade debts and seriously damage the interests of the company's creditors shall be jointly and severally liable for the company's debts.
Article 115 A company may not provide loans to directors, supervisors or senior managers directly or through subsidiaries.