If you do it by the free market, you're regulated by the consumers, their choices and if they choose to bankrupt the company, the company has to go bankrupt, so you have bankruptcies.
如果你通过自由市场来做的话，那你就是受到消费者的监管。
State Grid dominates the Chinese market, but the company says the returns from its Brazilian transmission lines will be "notably" higher than at home, where the company is heavily regulated.
国家电网在中国市场上占据主导地位，但该公司表示，其巴西输电线资产将产生的回报，将显著高于受到严格监管的本土市场。
In theory, a higher standard of corporate-governance should result in a higher valuation, since listing in a well-regulated market shows a commitment from a company that it will not abuse investors.
理论上讲，公司治理标准越高，公司估价就越高，因为在规则健全的市场上市，公司受规则约束，不会滥用投资者。
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