Concentrated ownership still a major hurdle in China

Concentrated ownership remains a major stumbling block to the improvement of corporate governance in China, according to Fitch Ratings.In a special report û titled China's Listed State-Owned Entities Governance, Support and Bankruptcy û Fitch notes that credit analysis needs to weigh up the potentially weak corporate governance and the poor transparency that surrounds state-owned entities (SOEs) against the benefit they might derive from government intervention."Concentrated ownership…