Source:
https://scmp.com/business/companies/article/2086755/its-step-forward-three-steps-back-unicoms-mixed-ownership-trial
Business/ Companies

It’s a step forward, three steps back for Unicom’s mixed ownership trial

Whoever ends up with a stake in China United Network will be operating in a tailor made straightjacket.

Whoever ends up with a stake in China United Network will be operating in a tailor made straightjacket.

Let’s just ignore the guessing game of who might be investing in China’s second-largest telecommunications group, in the so-called “mixed ownership” reform of the country’s state-owned enterprises. It’s not going to make an iota of difference.

The line was already drawn, as soon as Beijing announced that the share sale will be done by the A-share holding company, instead of the Hong Kong listed unit.