Mainland China did not have a modern company law until 1993. The current PRC Company Law (中华人民共和国公司法) (Company Law) was first promulgated on October 27 2005 and became effective on January 1 2006.
Freeing private capital
The amendments to the PRC Company Law will boost economic activity and stimulate investment. The reforms are an important step in the drive to establish a more mature market with less government control
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