Generally speaking, a Sino-foreign joint venture refers to a Sino-foreign joint venture that is jointly funded by China investors and foreign investors and jointly operated by them, sharing losses and risks. Foreign investors can be enterprises, other economic organizations or individuals. At present, the joint venture in China is limited to enterprises and other economic organizations, excluding individuals and individual enterprises. With the approval of the examination organ, the joint venture is a legal person in China, which is governed and protected by the laws of China. Its organizational form is a limited liability company. At present, the joint venture company cannot issue shares, but shares the profits and losses in proportion to the investment of the parties to the joint venture.