How many years did the public-private partnership start?

Legal analysis: the start time of public-private partnership is 1954. 1Provisional Regulations on Public-Private Joint Industrial Enterprises adopted by the State Council in February, 954. 1September 1966, when the fixed interest period expired, the public-private partnership finally turned into socialist ownership by the whole people.

Legal basis: The Provisional Regulations on Public-Private Joint Industrial Enterprises should implement public-private joint ventures for capitalist enterprises according to the needs of the country, the possibility of enterprise transformation and the voluntary participation of capitalists. In the joint venture, the socialist component is dominant and the legitimate rights and interests of private shares are protected. A joint venture shall abide by the state plan. The surplus of a joint venture after paying income tax according to law shall be reasonably distributed in three aspects: enterprise reserve fund, enterprise dividend and shareholder dividend. Dividends and bonuses of shareholders, together with the remuneration of directors, managers and factory directors, can account for about 25% of the total annual surplus.