PetroChina, the largest oil company in China, has been made a showcase for good corporate governance in state-owned enterprises of China (SOEs). Its initial public offering (IPO) was part of the government's plan to lay the foundation for other major capital-starved state-owned enterprises in the global capital market. Despite restructuring efforts, some analysts believe that the company was not close to where it should be from the point of view of international management standards. In the analysis of the political and economic background of China and the management model PetroChina, this case demonstrates that the system of corporate governance in China offers limited protection for minority shareholders. "Hide
by John Child, Sang Hee, Maria Ho Source: University of Hong Kong, 20 pages. Publication Date: February 15, 2002. Prod. #: HKU183-PDF-ENG
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