Civilian-run enterprise
Civilian-run enterprise is a type of company or enterprise to describe a non-state-owned enterprise in the People's Republic of China. A privately held company is a type of civilian-run enterprise. However, there is no proper legal definition of "civilian-run enterprise" in China. It is considered to be a special term in the Economy of China. The translation of the term "Minqi" was difficult, as stated by Ye Dong, a Chinese businessman during an interview by the Chinese-language version of the Financial Times.
A civilian-run enterprise may be a publicly traded company or a privately held company. If the company is listed in Hong Kong, it would be referred to as a P chip.
