1993; amended for the first time in accordance with the Decision on Amending the Company Law of the People's Republic of China adopted at the 13 th Session of the Standing Committee of the Ninth National People's Congress on December 25, 1999; amended for the ...
On December 29, 2023, the Standing Committee of the National People's Congress of the People's Republic of China promulgated the amended Company Law of the People's Republic of China ("PRC" or "China") (the "2023 Company Law"), after its deliberation of four versions of draft amendments...
On 26th October 2018, the Standing Committee of the National People's Congress approved the decision to revise the Chinese Company Law yet again. However, this time around, it appears a single article has been targeted: article 142, which focuses on the repurchasing of shares by companies. Th...
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The Draft Revision has made significant changes to the current Company Law which was promulgated in 1993, after which being revised for several times with the latest revision in 2018 (the “Current Company Law”). The changes are mainly reflected in the following aspects: ...
中华人民共和国公司法 Company Law of the People's Republic of China 颁布机关: 全国人民代表大会常务委员会 Promulgating Institution: Standing Committee of the National People's Congress 文号: Document Number: 颁布时间: Promulgating Date: 实施时间: Effective Date: 效力状态: Validity Status: 中华人民...
10-26-2018 Company Law of the People's Republic of China (2018 Amendment) Decision of the Standing Committee of the National People's Congress on Amending the Company Law of the People's Republic of China (2018) 12-28-2013 Company Law of the People's Republic of China (2013 Amendment...
The 2018 Company Law sets out a rigid regime for functions and powers among the shareholders, the BoD and the general manager, where certain operational matters, such as the operation strategy, investment plan and budget ...
In addition to the new Company law, a 2024 Catalogue for Guiding Industry Restructuring is also announced by China's National Development and Reform Commission (NDRC). Representing a strategic orientation in China's economic policy, it focuses mainly on high-tech industries and environmental prioritie...
In China, corporate governance is characterized by the “modern enterprise system” and derives rules from China’s Company Law. Corporate governance is a factor in all corporations, and it focuses on the interactions between shareholders, directors, supervisors, and managers. The objective of corpora...