In practice, the corporate governance of a company in China is established in the utilisation of a company’s corporate seals and company seal policies. The corporate seal, often called a "chop", represents an unlimited power of attorney vested in the holder of the corporate seal(s). Once the seal is affixed to a document, the company…
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In China, under Company Law of the People’s Republic of China (2014), there is no required minimum amount for registered capital to establish a limited liability company in China. Although special industries may specify a minimum amount such as in finance, securities and insurance. The total amount of capital registered is not required to be…
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