This is a detailed refutation of that paper: https://pekingnology.substack.com/p/who-really-owns-huawei-a-response https://pekingnology.substack.com/p/who-reall

This is a detailed refutation of that paper: https://pekingnology.substack.com/p/who-really-owns-huawei-a-response https://pekingnology.substack.com/p/who-really-owns-huawei-a... It goes into the specifics of the Chinese laws governing employee share ownership, and why the employee shares are held by the union (it has to do with arcana of 1990s-era Chinese laws governing stock distribution by non-publicly-traded companies). Balding & Clarke fundamentally misunderstand why the union is used as a share-holding vehicle, and what the legal implications of that are.