How many Chinese companies are owned by the government?

This is a world-wide list of government-owned companies. This list can be considered as non-exhaustive because of lack of space and time. For example, as of October 2019, China alone has more than 350 individual entries in the Government-owned companies of China Category Page.

How many business entities are there under Chinese law?

China’s Company Law mainly regulates two types of business entities: limited liability companies and companies limited by shares.

What is a joint venture article?

joint venture, partnership or alliance among two or more businesses or organizations based on shared expertise or resources to achieve a particular goal.

What is a Chinese joint stock company?

Typical Joint Capital Business owned by multiple members of the shareholder. A stock company (corporation) is established in accordance with Corporate Laws of the Peoples Republic of China, all shareholders responsible for corporate legal responsibilities depend on their subscribed shares (stocks).

What is a WOFE in China?

The most popular entity for doing business in China is the Wholly Foreign Owned Enterprise (WFOE), which is a company established in China according to Chinese laws and wholly owned by one or more foreign investors. A WFOE’s registered capital must be declared during the licensing phase of the company set-up process.

How joint venture is formed?

A joint venture involves two or more businesses pooling their resources and expertise to achieve a particular goal. The reasons behind forming a joint venture include business expansion, development of new products or moving into new markets, particularly overseas.

What is a Chinese joint venture?

A Chinese joint venture is a business that is created between more partners who share business goals and will divide the expenses, profits and losses between them. This is a common business form between a Chinese partner and a foreign company.

Is China ready for foreign joint venture technology transfer?

China has recently taken steps to liberalize its joint venture requirements in certain industries, but the policy environment remains one in which a technology transfer is expected of foreign investors.

What is an international joint venture (IJV)?

Specifically, multinational firms seeking to conduct foreign direct investment (FDI) in China are often required to form legal business relationships with a domestic Chinese partner, typically in the form of international joint ventures (IJVs) that establish a new offshoot firm.

What is a common business form in China?

This is a common business form between a Chinese partner and a foreign company. Equity joint ventures and cooperative joint ventures can be established in China. Joint ventures established in China are subject to the Laws of the People’s Republic of China and the law for foreign investments.