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China cracks down on Dalian Wanda's overseas deals - sources

Mimi Sabreena 8:45:00 AM Informasi

BEIJING/HONG KONG (July 18): China's regulators have told banks to stop providing funding for several of Dalian Wanda Group's overseas acquisitions as Beijing looks to curb the conglomerate's offshore buying spree, sources familiar with the matter said on Monday.

This is in line with Beijing's measures to control potential systemic risk, including problems posed by domestic companies acquiring more global assets. China launched a clampdown on capital outflows and overseas direct investment last year.

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