Chapter III explains China's current legal system on state shareholder.

本文第三章是对中国国有出资人制度的法律分析。

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VW has the state of Lower Saxony as a big shareholder and a special law to protect it from takeovers.

大众的大股东是下萨克森州(state of Lower Saxony)，同时有一条专门的法律保护大众免受并购。

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That may be good news for the state as shareholder, but it does not placate Czech consumers, who pay electricity prices that are among the highest in Europe on a purchasing-power basis.

对于国家这个股东而言，这也许是条好消息；却无法安抚捷克的消费者，基于购买力，他们支付的电力价格位于欧洲最高的价位。

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The Norwegian state is the majority shareholder in Statoil, and also holds a 40% stake in Norsk Hydro.

BBC: Norwegian gas giants avoid EU fines

Telecom Italia's statutes state that the biggest shareholder is allowed to appoint four-fifths, or 16 seats, of its 20-member board.

FORBES: Magazine Article

The state investment fund also guaranteed it will maintain a controlling shareholder position in 10 other major state-owned financial institutions.

FORBES: Magazine Article