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Politics

Chinese enterprises write Communist Party's role into charters

At least 288 make revisions as Xi seeks firmer grip ahead of leadership reshuffle

A growing number of companies have granted the Chinese Communist Party an official role in management. (Photo Xinhua-Kyodo)

GUANGZHOU -- Hundreds of Chinese companies have revised their corporate charters to allow a deeper management role for the Communist Party, a sign the ruling party is tightening its control over the private sector.

At least 288 of the 3,314 companies listed on the Shanghai and Shenzhen stock exchanges at the end of July had changed their articles of association to ensure management policy that reflects the party's will, disclosure forms show. The trend has accelerated sharply in recent months, with 197 companies reporting such amendments between April and July.

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