China's "Company Law" stipulates that the establishment of a joint stock limited company should have more than 2 promoters and less than 200 people. Because all joint-stock companies must be limited liability companies (but not all limited companies are joint-stock companies), they are generally called "joint-stock companies".
Joint-stock companies came into being in Europe in the18th century, and were widely popular in capitalist countries in the second half of the19th century. Joint-stock companies occupy a dominant position in the economy of capitalist countries.
A joint-stock company refers to a company with shares as its capital, and its shareholders are liable to the company to the extent of the shares subscribed by them.
China's "Company Law" stipulates that the establishment of a joint stock limited company should have more than 2 promoters and less than 200 people. Because all joint-stock companies must be limited liability companies (but not all limited companies are joint-stock companies), they are generally called "joint-stock companies".
Joint-stock companies came into being in Europe in the18th century, and were widely popular in capitalist countries in the second half of the19th century. Joint-stock companies occupy a dominant position in the economy of capitalist countries.