Company Law draft revision to bolster confidence

A draft revision to the Company Law has been put before Chinese lawmakers for a fourth reading on Monday, which officials and experts said comes amid China's ongoing efforts to enhance its business environment and bolster investment confidence.

The draft revision, submitted to a session of the Standing Committee of the 14th National People's Congress — China's top legislature — focuses on strengthening the framework of capital contributions, as well as clarifying resolution procedures for deprivation of rights and the dissenting process for shareholders subject to deprivation.

The seventh session, which kicked off in Beijing on Monday, is scheduled to conclude on Friday.