The sum of the assets for which the company is liable for external debts shall be liability property of the company.The corporate property liability system requires the company to assume external responsibility with all its property, and must not maliciously reduce its liability property to avoid corporate debt. Nobel Prize-winning institutionalists have made an in-depth and comprehensive argument that inclusive innovation in institutions plays a crucial role in the sustained prosperity of nations. The development of new quality productive forces is not only the physical technological innovation, but also the powerful guarantee and innovation promotion of the metaphysical new “system” productive forces. Chinese Company Law has improved the corporate property liability system with the front-end shareholder investment system and the back-end shareholder investment defect accountability mechanism, which is always in line with the two major institutional advantages of the socialist market economy with Chinese characteristics, which can fully release the business vitality of market players and effectively disperse the business risks of market players, and form the corporate property liability system with Chinese characteristics. In the cycle of balance between safety and efficiency, imbalance and rebalancing, the corporate property liability system with Chinese characteristics has gradually found the institutional balance point that is compatible with the development of the new era of socialism, and is gradually forming in the direction of lowering the threshold of company establishment, improving the utilization rate of assets, and actively preventing debt fraud.