Concept and types of corporations in China

Abstract

The article reveals the concept of “corporate law” in the legal science of China. This article examines the historical origin of the concept of corporation, its definition and classification in the legislation of the Qing Dynasty (China in 1636–1912) and modern Chinese legislation. It is determined that in China, a corporation acts simultaneously as a commercial legal entity and an enterprise, characterized by such features as focus on making a profit, limited liability of its participants and distribution of profits between its participants. A comparative analysis of the concept of corporation with such concepts as “legal entity” and “enterprise” is also carried out on the basis of the legislation and legal doctrine of China. Different approaches of Chinese and Russian scientists to this issue are analyzed. The study identifies: the legal definition and scientific concept of corporation in China; main features of a corporation in China and Russia.