Homepage / Asia / China isn't discouraging overseas investment, only regulating it, Beijing-backed think tanker says
Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software Keep Data Safe and Protect Your Business Data How to Conduct a Board Self-Assessment Uncomplicated Ways to Simplify Daily Business Transactions Due Diligence Blog Digital Data Rooms for the Netherlands The New Era of Business Software and Reporting What Types of Businesses Use VDR Software? Ma Analysis Mistakes The Corporate Governance Role Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Unlimited Data Room Software For Due Diligence Leading Business Software Features to Look For Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software? The Power of Business Software The Benefits of a Software Board Online Data Room Review The Importance of Tech Knowledge Improving Accuracy of Financial Data Online Business Records – How to Keep Your Online Business Records Accurate and Secure What is a Board Portal De? DealRoom Review – A Review of VDR Software M&A Due Diligence for Private Companies The Virtual Data Room Review

Asia

China isn't discouraging overseas investment, only regulating it, Beijing-backed think tanker says

Several high profile Chinese firms may be on the receiving end of government scrutiny over their overseas acquisitions, but the authorities are not cracking down on foreign investments, a Beijing-backed think tanker said.

“The Chinese government is not discouraging overseas investment. It’s just that the government has started regulating overseas investment,” Cao Wenlian, director general of the International Cooperation Center of the National Development and Reform Commission (ICC-NDRC), told CNBC.

The think tank falls under the purview of the National Development and Reform Commission (NDRC), a government agency that heads up economic and social policy in China.

As there were risks associated with Chinese firms making foreign investments, it was part of the government’s role to control and fend off risks, Cao explained. “That might make the outside world feel that the Chinese government is discouraging investments abroad. But it’s not,” he added.

“I believe every government is responsible for overseeing the behavior of their companies — to see that their leverage and other actions are in line with international laws,” Cao said.

Regulators in the world’s second-largest economy have been cranking up the heat on local corporates as part of a broader crackdown on financial risk and capital outflows before the 19th party congress in the fall.

Just last month, media reports said domestic banks had been asked by regulators to review their exposure to foreign debt incurred by some of China’s most prolific buyers of foreign assets, including property developer Dalian Wanda, conglomerate Fosun International and insurance company Anbang.

Acquisitions made by those companies include Anbang’s 2014 purchase of the Waldorf Astoria hotel in New York, as well as Dalian Wanda’s purchase of U.S. cinema chain AMC Theatres and Legendary Entertainment as part of its push into the entertainment business.

As recently as July 28, Fosun announced its intentions, together with Beijing Sanyuan Foods, to buy St Hubert, a French margarine manufacturer. The acquisition was “aligned” with government policy in China to drive innovation, Reuters quoted Fosun Chairman Guo Guangchang as saying.

Despite the additional scrutiny, Cao said he was not worried about a scale back in overseas Chinese investment.

“I still believe that a lot of countries see China currently as one of the biggest investors investing abroad,” Cao said.

“To put it in layman’s terms, if a man gets rich, it’s easier for him to squander his wealth. So from the perspective of the Chinese government and our internal think tank, we should tighten the belts of companies and remind them that their investments need to be wiser.”

Source: cnbc china
China isn't discouraging overseas investment, only regulating it, Beijing-backed think tanker says

Comments are closed.