China’s bank regulator has instructed the country’s largest state-owned lenders to put six of magnate Wang Jianlin’s overseas acquisition projects under an unprecedented level of scrutiny, because they have touched a red line concerning foreign investments, according to several sources familiar with the matter.
Four of the six purchases have closed. Of the two uncompleted acquisitions, Chinese government departments have been ordered to not approve any loan applications or…
Source : South China Morning Post
Read more…China places Wanda under unprecedented scrutiny, closes off most loan options















