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western countries: private limited company (私营有限公司) public limited company (公营有限公司) China limited liability company (有限责任公司) joint stock limited company (股份有限公司) establishment by promotion (发起设立) establishment by stock floatation (募集设立) privately joint stock limited company (私募) listed company (公募---上市公司) Differences: limited liability company the shareholders shall be responsible for the company to the extent of the capital contributions they have paid. established by not more than 50 shareholders. the minimum amount of registered capital: RMB 30, 000 Yuan. The board of directors established by a limited liability company shall comprise 3 up to 13 members. joint stock limited company the shareholders shall be responsible for the company to the extent of the shares they have subscribed to. there shall be not less than 2 but not more than 200 initiators. the minimum amount of the registered capital: RMB 5 million Yuan. A joint stock limited company shall set up a board of directors, which shall comprise 5-19 persons. Types of joint stock limited company: A joint stock limited company may be established by ways of promotion or stock floatation. The establishment of a company by promotion means that the initiators establish a company by subscribing for all of the shares that should be issued by the company. The establishment of a company by stock floatation means that the initiators establish a company by subscribing for some of the shares that should be issued by the company and offering the remaining shares to the general public or to particular objects for subscription. 股份有限公司的设立,可以采取发起设立或者募集设立的方式。 发起设立,是指由发起人认购公司应发行的全部股份而设立公司。 募集设立,是指由发起人认购公司应发行股份的一部分,其余股份向社会公开募集或者向特定对象募集而设立公司。 Points of capital contribution certificate (1) the name of the company; (2) the date of establishment of the company; (3) the registered capital of the company; (4) the name of the shareholder, the amount of his capital contribution, and the day when the capi
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