Frequently Asked Question
Can a company be state-run and publicly traded at the same time?
A state-run company or enterprise cannot be publicly traded in the U.S. However, it is possible to purchase shares of state-run companies in some foreign countries, like China and India. According to the Administrative Law of State-Run Enterprise, a state-run company is defined as:
- An enterprise that is solely owned by the state; or
- An enterprise which, in accordance with special regulations, is jointly owned by the state and private individuals; or
- An enterprise which, in accordance with company law, is jointly owned by the State and private individuals where the state holds more than 50% of capital.
by
Katie Adams
Katie Adams is a freelance commercial writer, marketing and public relations professional with 18 years experience. She has written extensively about financial issues and was previously Director of Regional Communications for Fannie Mae. Adams earned a B.A. from the College of William and Mary and lives with her family in Virginia Beach, Virginia. She is actively involved in international philanthropic work to improve orphan care and accelerate sustainable development in Central America. Visit her website at www.katieadams.homestead.com.
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