Business Standard

Sunday, January 19, 2025 | 07:36 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

China orders checks on offshore loans

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

China orders checks on offshore loans
Premium

Bloomberg
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 Anbang’s chairman, are likely to put a further chill on China’s outbound takeovers after tighter capital controls cut

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in