Insight and Intelligence on the London & International Insurance Markets 15 Dec 2017

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Fosun chairman backs China overseas M&A crackdown: report

  • Matthew Neill 31 July 2017
  • Fosun International chairman Guo Guangchang has thrown his weight behind an "essential and timely" push for stricter oversight of overseas M&A deals by Chinese authorities, according to a report.

    In a post on Fosun's official page on Chinese social network WeChat, Guo said the restrictions were necessary to stymie the spread of risky investment practices and regulate the current financial "chaos", Reuters reported.

    He said: "This can certainly eradicate a significant amount of irrational investment and things that are potential...

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