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The key for the parent company is to allow each of the companies to develop their own brands successfully and be truly independent.

Scott Wren, senior global markets strategist at Wells Fargo Investment Institute said it’s a mistake to just hold China stocks by themselves, given the volatility.

The Shanghai Composite tumbled 8.5% as PetroChina Co, long considered a target of state-linked market support funds, tumbled by a record 9.6%.

Stocks fell across the board on Monday, with 2,247 companies falling, leaving only 77 gainers.