I mean we just heard about the HEAD of Interpol, who is a Chinese citizen, visit China, disappear for a week with no communication, and suddenly turn in his resignation. And there are other Chinese billionaires who disappeared. And that poor actress.
Does Chinese government need any formal documented ownership of a company to influence its so called owners? I think not.
https://asia.nikkei.com/Spotlight/Cover-Story/In-China-priva...
https://www.bloomberg.com/news/articles/2018-01-17/china-s-c...
https://www.nytimes.com/2018/10/03/business/china-economy-pr...