Earlier this month, Beijing announced it was increasing oversight of international acquisitions, the latest move in a bid to stem capital flight and protect the weakening yuan. Chinese interest in outbound acquisitions remains high, but global uncertainty and added scrutiny from Beijing may dent deal volume.
Stenvall Skoeld & Company’s Per Stenvall was interviewed for the article and said: “I think they want to stop irrational deals. But the key point there is that the policy will mainly affect larger financial investments. Strategic investments [where there is actually a rationale] will be less impacted”
Read the full article by Julia Hollingsworth in South China Morning Post