What is the restructuring of state-owned enterprises?

Legal analysis: It refers to the transformation of wholly state-owned enterprises, wholly state-owned companies and state-controlled enterprises (excluding state-controlled listed companies) into corporate enterprises, joint-stock cooperative enterprises or Sino-foreign joint ventures with state-owned capital holding, relative holding and equity participation, that is, to change the original system and operation mode of state-owned enterprises to adapt to the development of socialist market economy.

Legal basis: Article 19 of the Company Law of People's Republic of China (PRC): To establish a limited liability company, the following conditions shall be met: (1) The number of shareholders shall be quorum; (2) The capital contribution of shareholders reaches the minimum statutory capital; (3) Shareholders * * * agree to formulate the Articles of Association; (4) Having a company name and establishing an organization meeting the requirements of a limited liability company; (5) Having a fixed place for production and business operation and necessary conditions for production and business operation.