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.
