同濟大学 TONGJI UNIVERSITY From 1996 Through the Present A milestone was the adoption of the Company Law in 1994,provided a framework for "corporatizing"SOEs,signaled the beginning of a new round of institutlonal change. traditional SOEs converted into corporation corporation provided an option for new hybrid ownership form the distinct boundaries between ownership forms began to blur 4 From 1996 Through the Present From 1996 Through the Present From 1996 Through the Present From 1996 Through the Present • A milestone was the adoption of the Company Law in 1994, provided a A milestone was the adoption of the Company Law in 1994, provided a A milestone was the adoption of the Company Law in 1994, provided a A milestone was the adoption of the Company Law in 1994, provided a framework for "corporatizing" SOEs framework for "corporatizing" SOEs framework for "corporatizing" SOEs framework for "corporatizing" SOEs, signaled the beginning of a new signaled the beginning of a new signaled the beginning of a new signaled the beginning of a new round of institutional change. round of institutional change. round of institutional change. round of institutional change. traditional SOEs converted into corporation corporation provided an option for new hybrid ownership form the distinct boundaries between ownership forms began to blur