China Mobile
The company likely enjoys substantial protectionist benefits from China's government but also experiences frequent government intervention in its business affairs. Government control is maintained through a presumably government-owned holding company, China Mobile Communications Group Co., Ltd. (formerly: China Mobile Communications Corporation; CMCC), that owns 100 percent ownership of China Mobile (HK) Group Limited, which in turn holds over seventy percent ownership of China Mobile–the remainder being controlled by public investors. Established in 2000, CMCC is China Mobile Ltd's current parent company .