state-controlling shareholder
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国有大股东
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参考来源 - 母子公司制下上市公司国有大股东侵害研究
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The state investment fund also guaranteed it will maintain a controlling shareholder position in 10 other major state-owned financial institutions.
FORBES: Magazine Article
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SASAC, which holds shares in the biggest companies, is the world's largest controlling shareholder and the state-capitalist institution par excellence.
ECONOMIST: State capitalism is not all the same