China imposes ban on outbound investment | daily-sun.com

China imposes ban on outbound investment

    27th December, 2017 10:04:31 printer

BEIJING: China has issued new rules increasing oversight of overseas acquisitions by its companies, as it seeks to reduce investment in assets ranging from golf courses and movie studios to football clubs.

The rules are the latest attempt to stem the tidal wave of capital that has flown out of the country in recent years, a trend which regulators fear could threaten financial stability at home, reports AFP.

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