Can a community neighborhood committee set up a property company?

Legal analysis: the owners' committee has the right to manage the building and its ancillary facilities by itself, so the owners' committee can set up a property company, but it must comply with the provisions of the Company Law.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 284 The owner may manage the building and its ancillary facilities by himself, or entrust the management to the property service enterprise or other managers.

The owner has the right to replace the realty service enterprise or other managers selected by the construction unit according to law.

Article 285 A realty service enterprise or other manager shall accept the entrustment of the owner, manage the buildings and their ancillary facilities within the building division in accordance with the stipulations of the realty service contract in Part III of this Law, accept the supervision of the owner, and promptly answer the owner's inquiries about realty service.