Gǔfènzhì qǐyè de gǔdōng àn chūzī bǐlì chéngdān zérèn.
Shareholders of a joint-stock enterprise bear liability in proportion to their contribution.
Tips
usage
Umbrella term covering 股份有限公司 (joint-stock limited, can be listed) and 有限责任公司 (LLC). The shareholding system (股份制) was a central 1990s reform tool for turning government-run enterprises into corporate entities with clear equity structures.
