Interpretation of the New Company Law

Author: Huang Laiji
Publisher:
Publish Date: 2005-12-01
Features: With the implementation of the two laws approaching, this is a major event for the healthy development of China's capital market and a significant achievement in China's legal system. Laws alone are not enough to govern themselves. The key to the successful implementation of the two laws lies in their thorough implementation and enforcement.
To implement the two laws effectively, the first step is to study and promote these laws extensively.
To implement the two laws effectively, the focus is on promptly formulating relevant supporting regulations and rules.
To implement the two laws effectively, the key is to lead the overall development of the capital market with reform, earnestly follow the spirit of the 16th National Congress of the Communist Party of China's 5th Plenary Session and the requirements put forward in the "Several Opinions of the State Council on Promoting the Reform, Opening Up, and Stable Development of the Capital Market," remove obstacles that the development of the capital market, unify understanding, and make development the starting point and focus of all work in the capital market.
To implement the two laws effectively, all relevant parties need to comprehensively strengthen coordination and cooperation, forming a collective synergy for the active development of the capital market in the whole society. The new legal system expands the space for the healthy development of the capital market and also assigns it a more arduous mission. We firmly believe that under the correct leadership of the Party Central Committee and the State Council, by conscientiously implementing the two laws and fully mobilizing the enthusiasm of all parties, the great cause of reform and development of China's capital market will surely flourish.
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