Article 7 If a state-owned enterprise is to be reorganized into a company， it must， in accordance with the conditions and requirements prescribed by national statutes and administrative regulations， change its operating mechanism， and orderly identify and verify its assets， determine the respective owners of the property rights therein， settle its creditor's rights and liabilities， conduct assets appraisal， and set up standard internal management organs.

　　第八条：设立有限责任公司、股份有限公司，必须符合本法规定的条件。符合本法规定的条件的，登记为有限责任公司或者股份有限公司；不符合本法规定的条件的，不得登记为有限责任公司或者股份有限公司。

　　Article 8 The establishment of a limited liability company or a joint stock limited company is subject to the requirements prescribed herein. An entity meeting the requirements prescribed herein may be registered as a limited liability company， or a joint stock limited company， as the case may be； an entity failing to meet the requirements prescribed herein may not be registered as a limited liability company， or a joint stock limited company， as the case may be.

　　法律、行政法规对设立公司规定必须报经审批的，在公司登记前依法办理审批手续。

　　Where the establishment of a company is subject to examination and approval as required by the relevant national statutes or administrative regulations， examination and approval procedure must be carried out in accordance with the law prior to its registration.

　　第九条：依照本法设立的有限责任公司，必须在公司名称中标明有限责任公司字样。

　　Article 9 The name of a limited liability company established in accordance herewith must contain the words “limited liability company”。

　　依照本法设立的股份有限公司，必须在公司名称中标明股份有限公司字样。

　　The name of a joint stock limited company established in accordance herewith must contain the words “joint stock limited company”。

　　第十条：公司以其主要办事机构所在地为住所。

　　Article 10 The Company shall be domiciled at the place where its principal executive office is located.

　　第十一条：设立公司必须依照本法制定公司章程。公司章程对公司、股东、董事、监事、经理具有约束力。

　　Article 11 In order to establish a company， its articles of association must be prepared in accordance herewith. The articles of association of the company are binding upon the company and its shareholders， directors， supervisors and general manager.

　　公司的经营范围由公司章程规定，并依法登记。公司的经营范围中属于法律、行政法规限制的项目，应当依法经过批准。

　　The company's business scope shall be prescribed by its articles of association and be registered in accordance with the law. If an item in the Company's business scope is subject to any restriction prescribed by any national statute or administrative regulation， approval for such item shall be obtained in accordance with the law.

　　公司应当在登记的经营范围内从事经营活动。公司依照法定程序修改公司章程并经公司登记机关变更登记，可以变更其经营范围。

　　The company shall conduct its business within its registered business scope. The Company may change its business scope by amending its articles of association in accordance with legally prescribed procedure and registering such amendment with the company registration authority.

　　第十二条：公司可以向其他有限责任公司、股份有限公司投资，并以该出资额为限对所投资公司承担责任。

　　Article 12 A Company may invest in another limited liability company or joint stock limited company， and is liable to such company to the extent of its capital contribution.

　　公司向其他有限责任公司、股份有限公司投资的，除国务院规定的投资公司和控股公司外，所累计投资额不得超过本公司净资产的百分之五十，在投资后，接受被投资公司以利润转增的资本，其增加额不包括在内。

　　Except for an investment company or a holding company stipulated by the State Council， where a company is to invest in other limited liability companies or joint stock limited companies， its cumulative investment may not exceed 50 percent of its net assets， provided that if after the investment， the capital is increased using profit distribution received from the company in which it invested， the increased amount shall not be included.

　　第十三条：公司可以设立分公司，分公司不具有企业法人资格，其民事责任由公司承担。

　　Article 13 A company may establish branch companies， which do not have the status of enterprise legal persons， and the civil liabilities thereof shall be borne by the company.

　　公司可以设立子公司，子公司具有企业法人资格，依法独立承担民事责任。

　　The company may establish subsidiary companies， which have the status of enterprise legal persons and bear civil liabilities independently in accordance with the law.

　　第十四条：公司从事经营活动，必须遵守法律，遵守职业道德，加强社会主义精神文明建设，接受政府和社会公众的监督。