[torginus]

The current Chinese model's basically you have fully publicly traded companies, companies who are either minority or majority owned by a certain provincial government and ones who are either minority or majority owned by the central government (although this is surprisingly rare outside of key areas like telco/banking)

[s1artibartfast]

Something like 60% of the top of 100 companies in China are entirely state-owned. Most of the rest are government stake

[torginus]

https://msadvisory.com/china-biggest-companies/

Look at this list - all the big ones here which are state owned are investment banks, petro companies and telcos.

Everyone else on the list (mainly internet companies, BYD, gaming, and B2C sales/distribution) is privately owned.

[est]

key industries are all controlled by the govn't