In my experience many leaders of large SOEs are indeed focused on becoming better managed and more admired companies rather than simply looked up to based on the size of their revenues.

从我个人见闻来看，很多大型国企的领导人都切实注重企业管理水平及受赞赏程度的提高，而不甘心于只作收入上的“老大”。

youdao

This will work much better than any slogans about Chinese global brands, innovation and creativity for large Chinese SOEs.

FORBES: China's Outdated Practice Of Capitalism

The creation of the Chinese stock market in the early 1990s, however, served a different purpose: to recapitalize and restructure large state-owned enterprises (SOEs) that otherwise would have gone under.

FORBES: Chinese Stock Market -- Buy In or Buyer Beware?

With the exception of large banks, most of listed Chinese A-share SOEs pay no or low dividends.

FORBES: Chinese Stock Market -- Buy In or Buyer Beware?