Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Published by: Asia Case Research Centre, The University of Hong Kong
Published in: 2002
Length: 24 pages

Abstract

This is a Spanish version. PetroChina, the largest oil and gas company in China, was made a showcase for sound corporate governance in China's SOE's. Its initial public offering (IPO) was part of the government's plan to lay the groundwork for other large capital-starved SOE's on the global capital market. In spite of the restructuring efforts, some analysts felt that the company was not yet close to where it needed to be in terms of international governance standards. The purpose of the case is to expose students to the range of issues relating to corporate governance with Chinese characteristics. In analysing China's political and economic background, and PetroChina's governance model, this case demonstrates that the corporate governance system in China offers limited protection for minority shareholders.

About

Abstract

This is a Spanish version. PetroChina, the largest oil and gas company in China, was made a showcase for sound corporate governance in China's SOE's. Its initial public offering (IPO) was part of the government's plan to lay the groundwork for other large capital-starved SOE's on the global capital market. In spite of the restructuring efforts, some analysts felt that the company was not yet close to where it needed to be in terms of international governance standards. The purpose of the case is to expose students to the range of issues relating to corporate governance with Chinese characteristics. In analysing China's political and economic background, and PetroChina's governance model, this case demonstrates that the corporate governance system in China offers limited protection for minority shareholders.

Related