Until the last decades of the past century the creation of modern Commercial Law was not important for the Chinese government that had a deep suspicion against every accumulation of wealth or ay organized activity not controlled by the State. However, the deep political changes that have occurred after “Tienanmen Square” have accelerated several reforms to promote the former State-owned enterprises' reorganization. The paper presents the several reforms that have occurred in the Chinese legal system, offering a wide description of its particular features that, for the effective absence of a former legal tradition and the call for a rapid regulatory action, shows a deep inclination of the Chinese legislator towards a “free riding” among the western laws, which represent a benchmark, although several western rules are often adapted to divergent socialist principles.
