A company refers to a limited liability company and a joint stock limited company established in China according to the Company Law of People's Republic of China (PRC). Capitalist society is highly developed. After the founding of People's Republic of China (PRC), private companies carried out socialist transformation. State-owned industrial, commercial, construction, transportation and other departments to implement independent economic accounting management institutions and some cities according to the industry classification of professional management institutions, also known as companies.
Companies mentioned in China's Company Law refer to limited liability companies and joint stock limited companies established in China according to the Company Law. It is a form of enterprise organization formed in the market economy to meet the needs of socialized mass production.