PetroChina: International Corporate Governance with Chinese Characteristics Case Solution
PetroChina, the biggest petroleum and gas business in China, was made a showcase for sound corporate governance in China's state-owned enterprises (SOEs). Its initial public offering (IPO) was part of the government's strategy to set the basis for other big capital-starved SOEs on the international capital market.Despite the restructuring attempts, some analysts believed the business wasn't close to where it needed to be in relation to international government standards. In assessing the government model of PetroChina and China's political and economical history, this case shows the corporate governance system in China offers limited protection for minority investors.
This is just an excerpt. This case is about GLOBAL BUSINESS
PUBLICATION DATE: February 15, 2002 PRODUCT #: HKU183-PDF-ENG
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