ABSTRACT
This article reviews the evolution and development of China’s Company Law over the past three decades, and examines its relationship with SOE reform, the growth of the private economy, as well as corporate governance and creditor protection. At present, the primary mission of the Company Law remains to encourage and protect investment, enabling both public and private capital to engage in the broadest possible range of investments, thereby contributing to the high-quality and sustainable development of the national economy and technology. This article proposes the following recommendations: first, continue to expand the scope of autonomy for corporate participants and broaden the opportunities for shareholders to take active measures to protect their rights; second, harmonize the relationship between the Company Law and the Enterprise Bankruptcy Law to promote fair protection of creditors’ rights; third, open up wider channels for capital investment and broaden the avenues for capital exit; and fourth, continuously optimize the exercise of power by administrative and judicial authorities.
Wang, Jun, Thirty Years of the Company Law of China: Review and Prospect (April 26, 2026).
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