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Trade and Industry Department The Government of the Hong Kong Special Administrative Region
Brand Hong Kong - Asia world city
MY COLOUR

Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

Ref : EIC 631/2/5

2 November 2005

Dear Sirs,

Commercial Information Circular No. 450/2005

The Mainland of China : Law on Company

The Tenth Standing Committee of the National People's Congress passed the amendments to the "Law on Company" on 27 October 2005, which will take effect from 1 January 2006.

  1. The Law governs the establishment and administration of limited companies, companies limited by shares, and branches of foreign companies in the Mainland. It also sets out the special requirements on individual limited companies, wholly state-owned companies and listed companies. Among others, the Law stipulates that the minimum registered capital for limited companies, individual limited companies and companies limited by shares are RMB 30,000, RMB 100,000 and RMB 5,000,000 respectively. The Law is also applicable to foreign-invested limited companies and companies limited by shares.
  2. The revised "Law on Company" is attached at Annex (pdf format) for reference.

ENQUIRIES

  1. If you have any questions on the content of this circular, please contact Ms. Eugenia CHAN at 2398 5444.



Yours faithfully,

 


(Hugo CHIU)
for Director-General of Trade and Industry



Note : While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.