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Company Law in China: Regulation of Business Organizations in a Socialist Market Economy, by JiangYu Wang
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This accessible book offers a comprehensive and critical introduction to the law on business organizations in the People's Republic of China. The coverage focuses on the 2005-adopted PRC Company Law and the most recent legislative and regulatory developments in the company law landscape in China. The book covers a wide range of topics including the definitions of companies as compared with other forms of business organizations, incorporation, shareholders rights and legal remedies, corporate governance (including the fiduciary and other duties and liabilities of directors, supervisors and managers), corporate finance (including capital and shares offering), fundamental corporate changes (including mergers & acquisitions, and takeovers), and corporate liquidation and bankruptcy. In addition to presenting strong doctrinal analysis, the author also considers China's unique social, political and economic contexts.
- Sales Rank: #3906814 in Books
- Published on: 2015-06-24
- Original language: English
- Dimensions: 9.25" h x 6.25" w x 1.00" l,
- Binding: Paperback
- 416 pages
Review
Company Law in China: Regulation of Business Organizations in a Socialist Market Economy provides a comprehensive introduction to the law on business organizations in China, considering the 2005 adaptation of PRC Company Law and he latest legislative developments in the country. ... Packed with details on corporate liquidation, bankruptcy, corporate finance and governance, and the latest regulations and business practices. --
- The Midwest Book Review
Written with clarity and erudition, this newly published book from Edward Elgar should prove an invaluable work of reference for practitioners, academics and certainly investors interested in, or wishing to enhance their understanding of Chinese law - company law in particular... Meticulously footnoted, the book also provides a no less than seventeen-page bibliography at the back, of references in English, plus an extensive index. What a boon to researchers in Chinese law! --
- Phillip Taylor MBE and Elizabeth Taylor, The Barrister Magazine
About the Author
JiangYu Wang, Associate Professor, Faculty of Law, National University of Singapore
Most helpful customer reviews
1 of 1 people found the following review helpful.
A critical introduction...
By Phillip Taylor MBE
A CRITICAL INTRODUCTION TO THE LAW OF BUSINESS ORGANISATIONS IN CHINA
An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers
Written with clarity and erudition, this newly published book from Edward Elgar should prove an invaluable work of reference for practitioners, academics and certainly investors interested in, or wishing to enhance their understanding of Chinese law -- company law in particular.
Writing in the Foreword, Professor Tan Cheng Han of the Faculty of Law at the National University of Singapore points out, rather surprisingly, that although China is a socialist state in which all economic activities were once owned and run by the state -- and in which corporations initially did not exist, ‘the corporation is (now) the dominant business vehicle in China’.
It is illuminating to read or to be reminded by the author, Professor JiangYu Wang (also of the National University of Singapore) of the chain of events and processes which brought all this about and which allowed China to emerge as a major economic power in the wake of the reforms initiated by its former leader, the late Deng Xiaoping. China’s unique social and political history in the context of its economic development is also discussed in detail
The first chapter covers these and related points by way of introduction to the types of companies in China, before dealing with such topics as legal personality, limited liability, the formation of companies, the rights of shareholders, the fiduciary duties of directors and management and general corporate governance. Also covered are financial affairs, mergers, acquisitions and takeovers, corporate dissolution, liquidation and bankruptcy – and of course, much more.
According to Wang, the book evolved from the development of his course entitled ‘Chinese Corporate and Securities Law, as well as other courses he taught at the Chinese University of Hong Kong. He and his students decided that what was needed in this complex area was a text -- in English -- that would function as ‘a critical introduction to the fundamental principles and rules of China’s corporate law regime’ placed in the context of China’s overall social and economic realities. A brilliant text it is too. ‘My students, ‘says Wang ‘have always been the major driving force behind the writing of this book.’
Wang not only covers a wide spectrum of topics pertaining to Chinese law, he also offers an interesting perspective on corporate law in general and, in the words of Han, ‘the malleable nature of corporate law as it takes root in a socialist market economy’. Politicians, policy makers and economists, as well as legal practitioners might like to take note.
Meticulously footnoted, the book also provides a no less than seventeen-page bibliography at the back, of references in English, plus an extensive index. What a boon to researchers in Chinese law!
The publication date is 2014.
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