Since the amendment of the Company Law in 2014, registered capital has shifted from paid-in to subscribed capital. This has significantly lowered the threshold for company establishment.

[pending: 认缴期限并非越长越好。虽然法律允许股东自主约定认缴期限，但如...]

The new Company Law further clarifies the accelerated maturity system. If the company is unable to pay due debts, creditors may demand early payment from shareholders whose capital contribution period has not yet expired.

The subscription period should not be excessively long. Although the law allows shareholders to agree on the subscription period independently, an unreasonably long period may lead to shareholder liability.