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

Reuters  |  BEIJING/HONG KONG 

BEIJING/HONG KONG (Reuters) - 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.The curbs on funding for Wanda, announced at a meeting in June, focus on six overseas ...

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First Published: Mon, July 17 2017. 15:22 IST
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