官督商办 meaning in Chinese

government-supervised and merchant-managed

As for its formation , the characteristic of chinese stock system lies in that stock companies run by chinese merchants came into being slowly after the ones run by foreign merchants had existed for decades of years . moreover , it appeared in a form that was highly different from modern stock system and did n ' t accord with the regulations . this distorted form is the so - called " operated by merchants and supervised by government officals " . in addition , its ormation obviously possessed the characteristic of stage and difference between china and foreign countries
中国股份制在其产生上表现的特色在于，外商的股份制企业在我国已经产生数十年，华商的股份制企业才姗姗来迟。且即使出现，也是以一种与近代股份制有着很大差别又不符合操作规范的股份制的形式出现，这种形式便是官督商办。另外中国的股份制产生具有明显的阶段性和中外之分。