Towards a market-oriented business organization law system in China

Zhang, C. (2019) Towards a market-oriented business organization law system in China. Company Lawyer, 40(5), pp. 163-165.

Abstract

The institutional transplantation in transitional economies is experiencing a new age. The 40-year market-oriented legal reform with strong state control in China has reshaped the relationship between government and market participants. The ongoing legislative reforms in the area of business organisation law in China have taken a step towards a market-oriented business organisation law system that may provide law scholars and business lawyers with a new expectation and understanding of the institutional features of the enterprises and financial investment in China. This paper systematically reviews the recent developing trends in the law of business organisations in China, namely the mixed ownership reform of state-owned corporations, the market-oriented reform of company law and a market-friendly securities investment fund law during the recent years, and then point out its potential development path in the near future and its limitations as well.

• Item Type: Articles
• Keywords: Chinese law, government-owned companies, institutional investors, investment funds
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Zhang, Dr Chi
• Authors: Zhang, C.
• College/School: College of Social Sciences > School of Law
• Journal Name: Company Lawyer
• Publisher: Sweet and Maxwell
• ISSN: 0144-1027
• ISSN (Online): 0144-1027
• Copyright Holders: Copyright © 2019 Sweet and Maxwell
• First Published: First published in Company Lawyer 40(5):163-165
• Publisher Policy: Reproduced in accordance with the copyright policy of the publisher