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The object of this article is to examine the recent legal reforms to the Company Law and the Securities Law of the People’s Republic of China. These reforms have made a number of substantial changes to these two laws, bringing them more closely into line with their counterparts in more developed economies. Despite many commendable achievements, these law reforms are however not without some problems. Nevertheless, it is argued here that the impact of these reforms on China’s economic development will be profound and that they will provide an excellent basis for further reforms in this area.