With China's accession to the World Trade Organization, State-owned holding companies to participate in domestic and international competition is becoming more deeply.

随着中国加入世界贸易组织，国有控股企业参与国内、国际竞争程度越来越深。

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Therefore, the governance structure of companies can be basically improved only by changing the equity structure and characteristics in the way of reduction of holding the state-owned stocks.

只有减持国有股，改变国有上市公司的股权结构，才能从根本上完善国有上市公司治理结构。

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Overall, the ownership structure of listed companies in China showed the following characteristics: (1) public ownership is dominant, and state-owned shares are in a holding position.

总体上，我国上市公司的股权结构呈现出如下特征：(1)公有制占主导地位，国有股处于控股地位。

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Two attempts by the previous government to sell-off 35% of the country's two state-owned telecom companies flopped, in part because investors were not interested in a minority holding.

ECONOMIST: Ecuador