Research on Relevant Issues of Creditors' Interest Protection in Chinese Authorized Capital System

摘要

Protection of shareholders and creditors' interest is the important function and objective of corporate capital system. The Company Law of the People's Republic of China newly revised in 2014 modifies the compromise capital system as authorized capital system; although the efficiency is improved through this change, the protection on creditors' interests is weak. Due to late starting of Chinese authorized capital system, there exist many principal and system-related defects, which causes crisis in creditors' interest protection. However, the practical experience of authorized capital system in western countries can provide certain references to China. This paper aims at carrying out a discussion on perfecting legal system with respect to creditors' interest protection in Chinese authorized capital system.