66%+ of companies listed on Chinese stock exchanges are state-owned. By law, companies that make up the core of the Chiriese economy must be owned by the state.
"For socialism as merely the next step forward from state-capitalist monopoly. Or, in other words, socialism is merely state-capitalist monopoly which is made to serve the interests of the whole people and has to that extent ceased to be capitalist monopoly." –V. I. Lenin
3/3