FT: CCP and Corporate Charter
Two recent reports from the Financial Times descripe how the CCP, China’s ruling party, seeks direct control in state-owned enterprises:
- China’s Communist Party writs itself into company law, 14 August 2017, at https://www.ft.com/content/a4b28218-80db-11e7-94e2-c5b903247afd
- China’s Communist Party seeks company control before reform, 15 Auugst 2017, at https://www.ft.com/content/31407684-8101-11e7-a4ce-15b2513cb3ff
On how the CCP currently plays a role in the coprorate governance of China’s state-owned enterprises, see Wang, JiangYu, The Political Logic of Corporate Governance in China’s State-Owned Enterprises (December 1, 2014). Cornell International Law Journal, Vol. 47, No. 3, 2014. Available at SSRN: https://ssrn.com/abstract=2574111.
A general, yet rather negative overview of China’s state-owned economy, see “China’s state-owned zombie economy”, at https://www.ft.com/content/253d7eb0-ca6c-11e5-84df-70594b99fc47.