{"id":858,"date":"2026-01-21T03:03:52","date_gmt":"2026-01-21T03:03:52","guid":{"rendered":"https:\/\/xuzhousoft.com\/quanzhou\/2026\/01\/21\/city-attorney-lyu-qiang-explains-the-commingling-of-shareholder-assets-and-personal-assets\/"},"modified":"2026-10-01T02:56:25","modified_gmt":"2026-10-01T02:56:25","slug":"city-attorney-lyu-qiang-explains-the-commingling-of-shareholder-assets-and-personal-assets","status":"publish","type":"post","link":"https:\/\/lyuandassociates.com\/quanzhou\/city-attorney-lyu-qiang-explains-the-commingling-of-shareholder-assets-and-personal-assets\/","title":{"rendered":"Attorney Lyu Qiang Explains the Commingling of Shareholder Assets and Personal Assets"},"content":{"rendered":"<p><!-- BCL_CITY_OPENING_START --><\/p>\n<section class=\"bcl-city-opening\">\n<p><strong>When sourcing from Quanzhou<\/strong>, overseas companies should consider not only the contract itself but also the type of local supplier, the surrounding supply chain and the nature of the goods or services involved. Quanzhou has a large export-oriented manufacturing base covering footwear, textiles, consumer goods and industrial products. Understanding this background can help a buyer identify potential problems at an earlier stage.<\/p>\n<\/section>\n<p><!-- BCL_CITY_OPENING_END --><\/p>\n<p style=\"text-align: center;\"><iframe src=\"\/\/player.bilibili.com\/player.html?isOutside=true&amp;aid=115930747179374&amp;bvid=BV1KVzGB6EKx&amp;cid=35515731647&amp;p=1\" frameborder=\"no\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"text-align: left;\">In China, if a court determines that a shareholder&#8217;s personal assets have been commingled with the company&#8217;s assets, the shareholder may be held personally liable for the company&#8217;s debts using their own personal assets. According to relevant precedents from China&#8217;s Supreme People&#8217;s Court, courts consider the following four factors when assessing whether such commingling exists:<br \/>\nWhether the shareholder used company assets or funds to repay personal debts or for the benefit of affiliated companies, without proper accounting records.<br \/>\nWhether there is commingling between the shareholder&#8217;s personal bank accounts and the company&#8217;s bank accounts.<br \/>\nWhether the shareholder&#8217;s personal income is indistinguishable from the company&#8217;s profits.<br \/>\nWhetherthe company assets have been registered under the shareholder&#8217;s personal name.<br \/>\nI&#8217;m Lyu Qiang, a PRC lawyer, China. If you find my video helpful, please like, follow, and share it!<\/p>\n<p><!-- BCL_CITY_MIDDLE_START --><\/p>\n<section class=\"bcl-city-context\">\n<h3>What Foreign Buyers Should Know About Quanzhou Suppliers<\/h3>\n<p>The Quanzhou market includes businesses involved in footwear, textiles, consumer goods, machinery and export manufacturing. Common commercial problems can include quality disputes, production delays, OEM disputes, non-conforming goods and payment disputes. In a dispute, contracts, purchase orders, technical specifications, inspection records, invoices, payment records and correspondence may become important evidence. For footwear, textile, consumer-goods and machinery transactions, buyers should pay particular attention to exact product specifications, approved samples, production tolerances, inspection arrangements and the identity of the contracting entity.<\/p>\n<p>The city\u2019s position within Fujian and its connection with a dense network of export-oriented manufacturers and trading companies can provide useful commercial context when evaluating a supplier relationship. Local characteristics do not determine the outcome of a dispute.<\/p>\n<\/section>\n<p><!-- BCL_CITY_MIDDLE_END -->\n<\/p>\n<p style=\"text-align: left;\">Phone Number (Available for English consultation ): (86)-516-1879-5428-064<\/p>\n<p><!-- BCL_CITY_CLOSING_START --><\/p>\n<section class=\"bcl-city-closing\">\n<h3>Before Taking Action Against a Supplier in Quanzhou<\/h3>\n<p>For an overseas buyer, a practical first step is usually to identify the correct Chinese contracting party and preserve evidence showing what was ordered, what was paid and what was delivered. Depending on the contract and dispute, the next step may involve a demand, settlement negotiations, arbitration, litigation or enforcement.<\/p>\n<\/section>\n<p><!-- BCL_CITY_CLOSING_END --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When sourcing from Quanzhou, overseas companies should consider not only the contract itself but also the type of local supplier, the surrounding supply chain and&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-858","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/lyuandassociates.com\/quanzhou\/wp-json\/wp\/v2\/posts\/858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lyuandassociates.com\/quanzhou\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lyuandassociates.com\/quanzhou\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lyuandassociates.com\/quanzhou\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lyuandassociates.com\/quanzhou\/wp-json\/wp\/v2\/comments?post=858"}],"version-history":[{"count":0,"href":"https:\/\/lyuandassociates.com\/quanzhou\/wp-json\/wp\/v2\/posts\/858\/revisions"}],"wp:attachment":[{"href":"https:\/\/lyuandassociates.com\/quanzhou\/wp-json\/wp\/v2\/media?parent=858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lyuandassociates.com\/quanzhou\/wp-json\/wp\/v2\/categories?post=858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lyuandassociates.com\/quanzhou\/wp-json\/wp\/v2\/tags?post=858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}