What is the current situation of the ownership structure of listed companies in China?

The present situation of the ownership structure of listed companies in China is that the ownership of listed companies is excessively concentrated in state-owned shares, and it is difficult to establish a reasonable corporate governance structure. The ownership of joint-stock companies is divided into state-owned shares, legal person shares and social public shares according to the nature of the owners.

legal ground

Article 120 of the Company Law of People's Republic of China (PRC)

A listed company as mentioned in this Law refers to a joint stock limited company whose shares are listed and traded on a stock exchange.

Article 144

The shares of listed companies shall be listed and traded in accordance with relevant laws, administrative regulations and trading rules of stock exchanges.

Article 145

A listed company must disclose its financial status, business operations and major lawsuits in accordance with the provisions of laws and administrative regulations, and publish its financial and accounting reports every six months in each fiscal year.