Yeah it is pretty common. Governments invest in key area corporations to provide fund, tax breaks, regulatory aid and a bunch of other benefits, and sometimes s

Yeah it is pretty common. Governments invest in key area corporations to provide fund, tax breaks, regulatory aid and a bunch of other benefits, and sometimes sell its chunk of shares in a few years. One early example is Chongqing government with Huang Qifan as mayor back in the 2010s.