Legal analysis: joint ventures between state-owned enterprises and private enterprises must be reported to SASAC Property Management Office and Investment Management Office for countersigning, and then approved by the General Management Office. The process is as follows: submit the resolution of the board of directors, joint venture plan, investment quota, business scope, benefit forecast, joint venture counterparty, joint venture necessity analysis and other materials-countersigned by the relevant offices of ——SASAC-written by the general office-signed and approved by the director.
Legal basis: Article 26 of People's Republic of China (PRC) Company Law states that the registered capital of a limited liability company is the capital contribution subscribed by all shareholders registered in the company registration authority. Where laws, administrative regulations and decisions of the State Council have other provisions on the paid-in registered capital and the minimum registered capital of a limited liability company, those provisions shall prevail.