BEIJING — China’s government is moving to curb domestic companies’ investments abroad in property, sports, entertainment and other fields, following a series of high-profile, multibillion-dollar acquisitions by Chinese firms. A document released Friday by the State Council, China’s Cabinet, was the latest move by regulators to tap the brakes on a string of foreign acquisitions, citing concerns that the companies involved may be taking on too much debt. One of those conglomerates, Wanda Group, became the world’s biggest cinema operator with its purchase of a majority stake in U.S.
China To Limit Overseas Investments In Real Estate, Sports
The Associated Press, Denver Post: Business
Sat, 08/19/2017 - 12:05am
Topics: beijing china s state council china s cabinet wanda group amc carmike cinemas inc legendary entertainment the cabinet belt road president xi jinping s asia europe there anbang insurance fosun international hna group york s waldorf astoria hotel authorities wanda s july sunac china holdings ltd november dick clark productions golden globes miss america eldridge industries march china chinese wanda wanda xi limit sports overseas investments real estate billion foreign companies acquisitions government document risks purchase industry conglomerates deal enterprises moving related
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