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  • Posted by robertmbeard 5 years, 3 months ago
    And when the Chinese communists allowed partial privatization of most large state-owned and state-run companies, they only allowed Hong Kong companies (with secondary foreign investors) to purchase a minority ownership stake no larger than 49%. That way, the communist party retains primary ownership (51%) and a veto on how the Hong Kong companies restructure and run those formerly all state-owned companies...
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