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Chinanews, Hangzhou, November 19 – According to Zhang Yujun, the manager of Shenzhen Stock Exchange, about 85% of private-owned enterprises in China don’t enjoy booming business for long, as they don’t know the importance of strict regulations.
Most of such enterprises don’t have clear regulations on their management, including financial and business operations, which only hinders their expansion and leaves the general public a bad image. “Chinese private-owned enterprises usually care about authorities too much, instead of regulations, and it can be estimated that they must pay more attention to making regulations in the foreseeable future,” said Zhang. Meanwhile, the incomplete policy of the Chinese government and the monotonous1 financing channels should also be blamed for the unregulated private enterprises in China.
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