The conditionality of the previous development of the PRC economy peculiarities of corporate management chinese companies
The article identifies the features of corporate governance of Chinese companies. The features reflecting non-market mechanisms of management include significant state participation in the capital of companies, programming of companies' activities with strategic goals and objectives at the national level, namely the goals of the “One Belt and One Way" geopolitical doctrine, active interaction with universities of the China in the framework of state tasks on training of highly qualified personnel for companies. The features reflecting market mechanisms of management include, firstly, the placement of securities of the parent company or its subsidiaries on the stock exchanges, the formation of national ratings of companies such as the top 100 of the China banking industry, the ratings of the top 100 industrial corporations of the China participation companies in the ratings of international rating agencies, increasing the transparency of public information about companies the formation of a system of interaction with stakeholders. Also a feature that is caused by the influence of scientific and technological progress is the presence of structural units responsible for scientific research and technological development. It was concluded that the interconnection of the above-mentioned features in the corporate governance system of companies determines not only an increase in the efficiency of companies, but also allows for the growth of the PRC economy. The pros and cons in the system of interaction with stakeholders of the corporations of the PRC are identified and directions for improvement are proposed.