[cba123]

The last information I had seen, was that China only allows non-Chinese, to own 49% of any company in the country.

Just saying. That is my impression anyway.

Are you ethnically Chinese?

[expat_panama]

last information I had seen, was that China only allows non-Chinese, to own 49%

My "last information" usually has a much shorter lifespan than most other people's "last information".  Here are companies that I buy:

The Complete List of Chinese ADRs trading on the US Exchanges as of Mar,2016

NASDAQ Companies in China

--and here's how my freinds have done it:

10 Steps to Starting a Business in China

Business registration in China

How foreigners can set up a company in China?

It's possible that the 49% story was back from the days of Chairman Mao.