Legal analysis: Corporate debt is a simple combination of the concepts of debt and company in civil law, which refers to the creditor-debtor relationship between a company and a specific person, including corporate loans, accounts payable, unpaid purchases and so on. Corporate debt includes the creditor-debtor relationship between the company and a specific person, and its transfer is restricted by the contract law. There are different repayment methods and terms, and there are various forms.

Legal basis: Article 3 of People's Republic of China (PRC) Company Law is an enterprise legal person with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.