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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Transparency is a new concept for Chinese companies, especially for state-owned enterprises and state-controlled public companies, whose top executives are usually appointed by the government.

WSJ: A Chinese CEO Opens Up

To develop the economy as rapidly as possible, Chiang and his planners directed state-owned companies to work with Nationalist Party-owned companies, public investment funds and government research organizations, as well as private companies.

FORBES: The ghost of Chiang Kai-shek

The middle class expanded fast thanks to jobs in state-owned companies, the public education system and the bloated civil service.

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