The heart of your argument is that a corporation is executing a transaction that could possible be illegal elsewhere: the US or Western Europe is better because this would not be possible here.
If that is your argument, I can think of two examples off the top of my head:
1. Goldman Sachs executive in 1MDB scandal 2. Banks offloading their mortgage-back securities positions by selling the directly opposite positions to their clients
Corporations executing shady transactions in the US or Western Europe is not as uncommon or "unthinkable" as you might imagine. Your argument stems from a enthocentric point of view and romanticizing one system over another by neglecting all the bad from one side.
I also fail to see how Chinese companies has anything related to my argument. Just because Chinese companies were involved doesn't weaken it.
You are seeing things through tinted shades before you even have the chance to analyze my argument. You are framing the argument as China vs US. I am pointing out the flaw in op's argument. See the difference ;). Your reply was rude.
[1] http://www.investopedia.com/articles/investing/081214/5-thin...
Something like that is nearly unthinkable in the US or Western Europe. It would be equivalent to Jeff Bezos spinning off AWS and giving himself 2/3 ownership of it, without approval from AMZN shareholders.