What laws apply to corporate governance in China?

In China, the laws that apply to corporate governance focus on protecting the interests of all shareholders and encouraging the development of a competitive economy. The laws focus on ensuring fair regulations, protecting shareholders’ rights, fostering transparency, and promoting economic efficiency. The Companies Law of 2006 is the primary legislation governing corporate governance in China. This law covers topics such as the formation of legal entities, the liability of shareholders, the registration of companies and branches, disclosure requirements, and valuations of shares. This law also includes rules regarding corporate meetings, the voting of directors, the adoption of resolutions, and the transfer of shares. The Securities Law of 2014 is the primary legislation covering the trading of securities in the Chinese market. This law sets forth rules on market transparency and disclosure requirements, listing requirements for securities, insider trading, and civil and criminal liabilities for unlawful activities. The Company Law of 2020 is the latest legislation on corporate governance in China. This law focuses on enhancing the responsibility of company directors and supervisors, improving disclosure and transparency, and protecting minority shareholders. It also sets out rules regarding mergers and acquisitions and the responsibilities of shareholders. The Chinese government also has regulations that focus on specific industries, such as the Banking Law of 1995, which sets forth rules governing the operations of banks in China.

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What laws apply to corporate governance in China?

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