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Ownership structure is in the basic position of corporate governance. Reasonable ownership structure can promote the improvement of corporate governance, and protect the interests of minority investors. Minority investors are the main source of market circulation funds and play an important role in the development of listed companies. However, minority investors tend to be disadvantaged and their legitimate interests cannot be effectively protected, which seriously affects their enthusiasm for investment. According to the actual situation in our country, “one share being overwhelming big” has long been regarded as the fundamental reason why the interests of minority investors cannot be effectively guaranteed. Ownership restriction can effectively restrict the controlling shareholder invading the interests of minority shareholders. This paper mainly explores the protection of minority shareholders from this perspective. Keywords—ownership structure; ownership concentration; ownership restriction; minority investors protection

Research on Ownership Structure and Minority Investors Protection Based on the Perspective of Ownership Restriction