we talk about state owned enterprises, both WISCO and Baotou are...

we talk about state owned enterprises, both WISCO and Baotou are listed on the Chinese stock exchange, the Chinese govt holds a stake in both companies, just like Telstra. I think there is a misconcept about SOE from a 'communist' country. Now the American govt owns almost all the major banks throught the bailout, can we say the banks are state owned entreprises in a supposedly 'free' market? Probably not, coz I think the banks own the America govt instead of the other way round.

It'd be ridiculous if FIRB or ASIC raises an issue based on this.

Chinese govt is progressively privatising their SOEs to make them more competitive whereas the Americans are socialising their economy. I find this very interesting.