Since the promulgation of the new "Company Law"，Academia and practice discuss the new bet365 best casino games、New rules are being discussed。One of the biggest highlights of this revision of the law is the introduction of the concept of "state-funded companies" and the establishment of a special chapter to stipulate it。This bet365 best casino games innovation will deepen the reform of state-owned enterprises，And the improvement and development of modern enterprise bet365 best casino games have a profound impact，Highlights the era goal of the new "Company Law" of "improving the modern enterprise bet365 best casino games with Chinese characteristics"。

　　bet365 best casino games Assists the Reform of State-owned Enterprises

The reform of state-owned enterprises is an enduring proposition in China’s economic development and national rejuvenation，The exploration of its reform plan is a continuous practice、The dialectical process of continuous adjustment and deepening。In response to the problem of insufficient economic vitality under the state-owned and state-owned model，From 1978 to 1992，Our country has successively launched pilot projects to expand enterprise autonomy、Promote economic responsibility bet365 best casino games、Joint-stock pilot bet365 best casino games、Two-step "profit to tax"、Contractual reform measures such as the contract management responsibility bet365 best casino games。While expanding corporate autonomy、Mobilize the enthusiasm of enterprises、Played a positive role in improving economic efficiency，However, the above reform measures do not affect the main status and organizational structure of enterprises，Unable to fundamentally solve the problem of government-enterprise indifference。Finally，We chose the organizational path，That is, establishing a modern enterprise bet365 best casino games through corporatization，And realize the market-oriented transformation of state-owned enterprises。

From this，Promoting the reform of state-owned enterprises has become one of the basic tasks of my country’s company law。Reviewing thirty years of development， “Special Provisions for Wholly State-Owned Companies” has always occupied an important position in our country’s company law。In the meantime，Although "whether there should be separate provisions for wholly state-owned companies in the company law" has triggered continued discussions，But the objections are always not convincing enough。Actually，Just looking at the huge size of China’s state-owned enterprises and their important position in the national economy，It can be realized that the company law cannot effectively adjust state-owned enterprises，Its institutional functions and practical significance will also be greatly reduced。It is based on this understanding，The new "Company Law" first adds the important content of "improving the modern enterprise bet365 best casino games with Chinese characteristics" to the legislative purpose，Then introducing a more inclusive concept of “state-funded companies”，Further expanded the bet365 best casino games supply to state-owned enterprises，Provides a broader normative space for the forging of a modern enterprise bet365 best casino games with Chinese characteristics。

Reviewing the reform process of state-owned enterprises，There are three iconic moments worthy of attention。The first is the Third Plenary Session of the 14th Central Committee of the Communist Party of China in 1993，It is clear that the direction of state-owned enterprise reform is the "modern enterprise bet365 best casino games"；The second is the Fourth Plenary Session of the 19th CPC Central Committee in 2019，Added an important dimension of “Chinese characteristics” to the direction of state-owned enterprise reform；The third is the 20th National Congress of the Communist Party of China in 2022，Incorporate the reform of state-owned enterprises into the grand blueprint of “Chinese-style modernization”。In the context of this era，Deepen the reform of state-owned enterprises and improve company legislation，Major innovation in methodology should be carried out—not just reshaping state-owned enterprises into the mold of the "modern enterprise bet365 best casino games"，We must also explore a more scientific and applicable Chinese paradigm of "modern enterprise bet365 best casino games"。Overall，The introduction of “state-funded companies”，It is the need of the times for Chinese-style modernization，It also contributes Chinese wisdom to the development of global business cooperation、Provide Chinese solutions for state-owned enterprise governance、An important opportunity to forge a Chinese paradigm for the modern enterprise bet365 best casino games。

　Legislative innovation of the state-funded company bet365 best casino games

Judging from the provisions，The special provisions of the new "bet365 best casino games" on state-funded companies mainly focus on the organizational structure，The number of terms does not seem to be large。However，This does not mean that the law does not pay enough attention to state-funded companies，In this regard, the significance of relevant institutional innovation must be grasped from an overall perspective。

First，The reform direction and legislative purpose of the new "Company Law"，Provide general guidance for state-funded companies。The reform of my country’s company law has always been oriented toward upholding and strengthening the party’s leadership，This round of revisions to the "Company Law" except for the continuation of "in the company" in the "General Provisions" section，According to the provisions of the Constitution of the Communist Party of China，Establish the organization of the Communist Party of China，Carry out party activities。In addition to the general provisions that "the company should provide necessary conditions for the activities of party organizations"，It also specifically stipulates in the state-funded companies that the party organization "plays a leadership role in accordance with the provisions of the Constitution of the Communist Party of China，Research and discuss the company’s major business management matters，Support the company’s organizational structure to exercise its powers in accordance with the law”。In addition，The new "Company Law" further enriches the legislative purpose，Added content on "improving the modern enterprise bet365 best casino games with Chinese characteristics" and "protecting the legitimate rights and interests of employees"，This change shows the expansion of the functions of our country’s corporate law bet365 best casino games。Especially the “Modern Enterprise bet365 best casino games with Chinese Characteristics”，The most direct and important corresponding scenario is the state-funded company。

Secondly，The new "bet365 best casino games" enriches the legal form of companies，Provide more choices for state-funded companies。The new "bet365 best casino games" adheres to the two basic types of limited liability companies and joint stock companies，Added regulations allowing the establishment of one-person joint-stock companies。Today，Under the category of state-funded companies，Also includes several subdivision dimensions，Such as "state-owned limited company/state-owned joint-stock company", "wholly state-owned company/state-owned holding company", "state-owned listed company/state-owned unlisted company", etc.，State-funded companies have more specific options to choose from。

AGAIN，The new "Company Law" improves the company's capital bet365 best casino games，Expand financing space for state-funded companies。This round of revisions to the "Company Law" has made substantial changes to the company's capital bet365 best casino games。First, the limited company changed from the previous free subscription bet365 best casino games to the limited subscription bet365 best casino games，Introduced the call bet365 best casino games, loss of rights bet365 best casino games and accelerated expiration bet365 best casino games at the same time，To solve the problem of “confidence but not payment” under the free subscription bet365 best casino games；Second, the joint-stock company has transformed from the "subscription and paid-in coexistence model" to the "full paid-in model"，At the same time, a class share bet365 best casino games was introduced、bet365 best casino games authorizing the board of directors to issue shares，To respond to the joint-stock company’s demand for flexibility in setting up registered capital and share types；The third is to allow the capital reserve fund to make up for losses，And introduced a simple capital reduction bet365 best casino games；The fourth is to improve the joint and several liability of promoter shareholders and the capital contribution liability for defective equity transfer。For state-funded companies，The above-mentioned capital bet365 best casino games changes are not only conducive to better standardizing company establishment and adjustment of investment relationships，It will also support the merger and acquisition of state-funded companies、Provide effective institutional tools for reorganization and other matters。

Finally，The changes in the organizational bet365 best casino games of the new "Company Law"，Promote the diversification of governance models for state-funded companies。This round of revisions to the Company Law focuses on the organizational structure，Give company entities more rights to make independent choices。First, allow companies to choose a single-layer governance model，Both limited companies and joint-stock companies may not have a board of supervisors or supervisors，The functions of the supervisory board are exercised by setting up an audit committee composed of directors。The second is to highlight the important position of the board of directors in corporate governance，Especially by improving the authorization mechanism, it provides room for the expansion of the board of directors' powers。Third, the company’s organizational structure has been further simplified，Especially smaller companies or companies with fewer shareholders，No need to set up a board of directors in the traditional sense、Supervisory Board，Even with the unanimous consent of all shareholders, there is no need to set up supervisors。The fourth is to expand the scope of companies that have employee directors。The above-mentioned rich institutional changes，Add special regulations on the organizational structure of state-funded companies，Provides institutional support for the innovation and diversification of state-funded corporate governance models。

　　Further improve the modern enterprise bet365 best casino games with Chinese characteristics

Improving the modern enterprise bet365 best casino games with Chinese characteristics is always on the road。To achieve the reform goal of “increasing institutional supply for the reform of state-owned enterprises”，It cannot be achieved just by introducing a new concept，It is even more necessary to continuously improve the overall normative structure，Response to many difficulties that may exist in practice。In this sense，This round of revisions to the Company Law introduces “state-funded companies” and special regulations on their organizational structures，This is just the beginning of forging a Chinese paradigm for the modern enterprise bet365 best casino games。

From now on，Needs further enrichment、Improving the state-funded company bet365 best casino games。First, clarify the governance functions, powers and responsibilities of the party organization，Better response to the new round of top-level design for deepening the reform of state-owned enterprises that emphasizes "strengthening and improving the party's leadership over state-owned enterprises"；The second is to refine the regulatory content on the organizational structure and governance mechanism of state-owned holding companies；The third is to actively adjust the rules for exercising control rights，Responding to the governance needs of state-owned enterprise groups；The fourth is fiduciary duty、Punishment for breach of trust、Accountability within the party、Several aspects of error tolerance and correction，Further improve the compliance of state-funded companies、Oversight and Accountability Mechanism。

　　(This article is a phased result bet365 best casino games later-stage project funded by the National Social Science Fund "Research on the Governance Mechanism with Chinese Characteristics of State-funded Companies" (23FFXB040)

(The author is a professor at the Civil and Commercial bet365 best casino games School of Southwest University of Political Science and bet365 best casino games)