Interpretation of the Company Law of the People's Republic of China

Author: Geng Fa
Publisher:
Publish Date: 2006-01-01
Features: This series of "Interpretations of New Laws in the Market Economy," will be published in a timely manner each year to keep pace with legislative progress. By 2010, when the socialist legal system with Chinese characteristics is formed, the series aims to cover the main aspects of the legal system for the socialist market economy. "Interpretations" is our second attempt. The Company Law plays a pivotal role in regulating market entities. This revision of the "Company Law" carefully summarizes the practical experience of China's company development, boldly incorporates some effective practices from foreign countries, highlights the targeting and operability of legal provisions, and comprehensively revises and improves the "Company Law" to meet the needs of company development in the new economic era. It can be said that this is an important step in improving the legal system of the socialist market economy in China. The implementation of the new "Company Law" will undoubtedly promote the further improvement of corporate governance structures, widely attract private investment, more effectively protect the legitimate rights and interests of companies, shareholders, and creditors, maintain social and economic order, and promote the healthy development of the socialist market economy. Therefore, we believe that our choice is not just fulfilling our wishes, but we also hope you will have unexpected surprises and gains.