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 (Minqi, Chinese: 民企; pinyin: Mínqǐ) or Chinese: 民营企业; pinyin: Mínyíng qǐyè).
[2] 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.
If the company is listed in Hong Kong (and incorporated outside mainland China), it would be referred to as a P chip.