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China orders checks on offshore loans

Lenders asked to provide information on loans made to Dalian Wanda Group, Anbang Group & HNA Group


Chinese regulators stepped up scrutiny of the country’s most prolific overseas acquirers, asking banks to report their exposures to the companies after last year’s unprecedented outbound takeover spree.   The China Banking Regulatory Commission asked some lenders to provide information on overseas loans made to Dalian Wanda Group, Anbang Insurance Group, HNA Group, Fosun International and the owner of Italian soccer team AC Milan, according to people familiar with the matter.   The checks, which come a week after reports of an investigation into ...

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First Published: Fri, June 23 2017. 00:05 IST