The governance structure of Sino-Foreign joint ventures can be analyzed from the following aspects: shareholding structure, governance structure and non-share control.

对于中外合资企业治理模式主要从以下几个方面来分析：股权结构、董事会组成、管理层组成和非股权控制。

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But representatives of some tobacco companies disagreed saying the ban would apply only when shareholding of the foreign company is increased.

但是一些烟草公司的代表们不赞成这一点，声称这项禁令仅适用于外国公司股权增加时。

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By issuing the shares on a differential basis, the company has ensured infusion of more capital from the foreign partners without any increase in their shareholding.

通过以不同的价格发行股票，该公司从外国合作伙伴那里获得更多的资金，而不增加他们的股权。

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Although the legal limits to foreign shareholding are being stripped away, there is still a reluctance to allow a private company a controlling share in a former state enterprise.

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Investors, I believe, want to see more clarity on the extent of foreign and local shareholding allowed.

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But American politicians are bound to kick up a stink about any contract going to a firm that has even a vestigial shareholding by foreign governments, albeit allies.

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