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<p>This article examines the board system of Chinese state-owned holding companies in the context of the 2023 revision of the PRC Company Law. It investigates the historical reforms in state-owned enterprises and addresses governance challenges encountered by their boards of directors. The study critically assesses the repercussions of recent legislative changes in the board system of state-owned holding companies. The conclusion proposes practical solutions within the current legal framework, highlighting the necessity for a thorough and refined implementation of the cross-appointment system and a targeted alignment of Party and government regulations with legal norms to curtail excessive administrative governance expansion in the reform of state-owned holding companies.</p>

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Unlocking Corporate Governance: Enhancing the Board of Directors in Chinese State-Owned Holding Companies Under the PRC Company Law 2023

  • 期刊论文

  • 发表日期：

    2025年12月2日

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  • Li Chen,
  • Lila Ke

摘要

This article examines the board system of Chinese state-owned holding companies in the context of the 2023 revision of the PRC Company Law. It investigates the historical reforms in state-owned enterprises and addresses governance challenges encountered by their boards of directors. The study critically assesses the repercussions of recent legislative changes in the board system of state-owned holding companies. The conclusion proposes practical solutions within the current legal framework, highlighting the necessity for a thorough and refined implementation of the cross-appointment system and a targeted alignment of Party and government regulations with legal norms to curtail excessive administrative governance expansion in the reform of state-owned holding companies.