literature Mainland China English summary

Value Orientation, Regulatory Function, and Institutional Design of the New Company Law

新《公司法》的价值取向、调整功能与制度设计

Explains the 2005/2006 Company Law revision through deregulation, stricter duties, stronger supervision, investor protection, operational flexibility, and a balance between efficiency and safety.

Brief English Introduction

This article reads the 2005 revision as a shift toward more flexible and competitive corporate organization while also strengthening duties and supervision. It presents the reform as balancing business efficiency with transaction safety.

Teaching Notes

Use it as a historical comparison with the 2023 revision’s renewed concern with capital discipline, control, and social responsibility.