China’s New Way to Control its Biggest Companies: Golden Shares

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Publish Date:
March 8, 2023
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Source:
The Wall Street Journal
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Summary

As of last year, about 37% of companies listed in Shanghai and Shenzhen had amended their charters to formalize the role of party committees inside the companies, up from 6% in 2018, according to research by Lauren Yu-Hsin Lin at the City University of Hong Kong School of Law and Curtis Milhaupt at Stanford Law School.

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