An overview discussing the changes to the corporate capital system of China (PRC) introduced by the country's revised Company Law, with effect from 1 July 2024. The Note focuses on the heightened capital contribution requirements and other rules strengthening capital contribution for limited liability companies (LLCs) and companies limited by shares (CLSs, also known as joint-stock companies). It highlights notable changes to the corporate capital system of joint-stock companies, including the introduction of an authorized capital mechanism, and the issuance of no-par value shares and class shares. The Note sets out succinct compliance guidance for companies to consider in light of the changes of the law.

The Note forms part of Practical Law China's Company Law Amendment collection.