Company Law
A revised Company Law was adopted at the Seventh Session of the Standing Committee of the 14th National People’s Congress, China’s top legislature, on December 29, 2023. It will take effect on July 1.
The revision strengthens the responsibility of shareholders in capital contribution when the company is unable to repay debts due and in other cases.
It further improves rules on the organizational structure of companies, including listed companies, to enhance corporate governance.
On protecting equal property rights, the newly revised law stipulates that smaller shareholders have the right to require the company to purchase the shares of the controlling
