Conglomeration Unbound: The Origins and Globally Unparalled Structures of Multi-sector Chinese Corporate Groups Controlling Large Financial Companies

{
  "authors": [
    "Robert Greene",
    "Xian Wang",
    "Yan Yan"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "dc",
  "centers": [
    "Carnegie Endowment for International Peace"
  ],
  "collections": [],
  "englishNewsletterAll": "asia",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie Endowment for International Peace",
  "programAffiliation": "AP",
  "programs": [
    "Asia"
  ],
  "projects": [],
  "regions": [
    "East Asia",
    "China"
  ],
  "topics": [
    "Economy"
  ]
}

In The Media

Conglomeration Unbound: The Origins and Globally Unparalled Structures of Multi-sector Chinese Corporate Groups Controlling Large Financial Companies

Unlike other major financial markets, Mainland China is home to many mixed conglomerates that control a range of large financial and non-financial firms.

By Robert Greene, Xian Wang, Yan Yan

Published on Aug 18, 2021

Journal of International Law

About the Authors

Robert Greene

Nonresident Scholar, Asia Program and Technology and International Affairs Program

Robert Greene is a nonresident scholar at the Carnegie Endowment for International Peace’s Technology and International Affairs Program and Asia Program, focusing on Chinese financial sector trends and on topics at the nexus of cyberspace governance, global finance, and national security.

Xian Wang

Yan Yan

Economy East Asia China

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie Endowment for International Peace

Commentary
Emissary
The Fallout of the U.S.–Canada Trade War Won’t Be Limited to North America
U.S. trading partners in Asia are closely watching the dispute for signs of how it may affect their own interests.
Barbara Weisel
Paper
American Power: A View from China
Chinese strategists are once again debating whether American power is declining and whether U.S. hegemony is experiencing irreversible decay.
Wu Xinbo
Commentary
Carnegie Politika
As It Turns 25, the Shanghai Cooperation Organization Reflects the New World Order
With the growth in points of friction between the great powers, organizations like the SCO will continue to play a role in the strategic adaptation of the smaller powers caught between them.
Temur Umarov
Commentary
Emissary
The Two Key Takeaways From Xi’s Egypt Visit
Amid celebrations of bilateral ties was a deeper focus on stability in the Middle East.
Amr Hamzawy
Commentary
Emissary
Is the Shanghai Cooperation Organisation Performance Art or Meaningful Collaboration?
Xi, Putin, and other regional leaders are back-slapping in Bishkek, but the SCO has yet to answer the most serious questions about continental Asia's economic future.
Evan A. Feigenbaum

More Work from Carnegie Endowment for International Peace

Aerial view of shipping containers at a port

Commentary

Emissary

The Fallout of the U.S.–Canada Trade War Won’t Be Limited to North America

U.S. trading partners in Asia are closely watching the dispute for signs of how it may affect their own interests.

Barbara Weisel

olice officers and residents stand in front of a shopping mall while a large outdoor screen broadcasts a military welcome ceremony featuring U.S. and Chinese flags for U.S. President Donald Trump hosted by Chinese President Xi Jinping at the Great Hall of the People on May 14, 2026

Paper

American Power: A View from China

Chinese strategists are once again debating whether American power is declining and whether U.S. hegemony is experiencing irreversible decay.

Wu Xinbo

Commentary

Carnegie Politika

As It Turns 25, the Shanghai Cooperation Organization Reflects the New World Order

With the growth in points of friction between the great powers, organizations like the SCO will continue to play a role in the strategic adaptation of the smaller powers caught between them.

Temur Umarov

People dancing in the foreground, with a group of people in suites watching and an Air China plane in the background

Commentary

Emissary

The Two Key Takeaways From Xi’s Egypt Visit

Amid celebrations of bilateral ties was a deeper focus on stability in the Middle East.

Amr Hamzawy

upward-facing view of ornately tiled buildings

Commentary

Emissary

Is the Shanghai Cooperation Organisation Performance Art or Meaningful Collaboration?

Xi, Putin, and other regional leaders are back-slapping in Bishkek, but the SCO has yet to answer the most serious questions about continental Asia's economic future.

Evan A. Feigenbaum