PetroChina, the largest oil and gas company in China, was a showcase of good corporate governance in China’s state-owned enterprises (SOEs). The initial public offering (IPO) was part of the government’s plan to lay the foundation for other major capital starved state enterprises in the global capital market to put down. Despite the restructuring were some analysts that the company is still not where it needs to close in relation to the international standards of governance. In analyzing China’s politica … Read more »

PetroChina, the largest oil and gas company in China, was a showcase of good corporate governance in China’s state-owned enterprises (SOEs). The initial public offering (IPO) was part of the government’s plan to lay the foundation for other major capital starved state enterprises in the global capital market to put down. Despite the restructuring were some analysts that the company is still not where it needs to close in relation to the international standards of governance. In the analysis of China’s political and economic background and PetroChina governance model, this case shows that the corporate governance system in China offers limited protection for minority shareholders.
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from
John Child,
Sang Xu,
Mary Ho
Source: University of Hong Kong
20 pages.
Publication Date: Feb 15, 2002. Prod #: HKU183-PDF-ENG
PetroChina: International Corporate Governance with Chinese characteristics HBR case solution

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