In 2002 almost 40% of their shares were owned by Japanese companies (a legacy of post-war cross-shareholding); by 2007 the figure dropped to less than 20%.

Cathay Pacific executives made brief visits to Beijing to share information with their Air China counterparts soon after those carriers reached their cross-shareholding agreement in 2006.

However, it is showed that, in China, at present, many conditions that the cross shareholding required is emerging, and many phenomena and outcome like the cross shareholding has appeared.