A legal person shall be an organization that has capacity for civil rights and capacity for civil conduct and independently enjoys civil rights and assumes civil obligations in accordance with the law.

A legal person's capacity for civil rights and capacity for civil conduct shall begin when the legal person is established and shall end when the legal person terminates.

A legal person shall have the following qualifications: (1) establishment in accordance with the law; (2) possession of the necessary property or funds;(3) possession of its own name, organization and premises;(4) ability to independently bear civil liability.

A legal person's domicile shall be the place where its main administrative office is located.

When a legal person terminates, it shall go into liquidation in accordance with the law and discontinue all other activities.

(Lawyer Wu Yingjie)