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China regulator warns on outbound M&A spree, says acquisitions like ‘a rose with thorns’

March 20, 2017

Via: CNBC

Chinese companies have received another warning over their enthusiasm for foreign buyouts with the head of China’s foreign exchange regulator calling on them to invest “carefully”, according to an official state newspaper on Monday.

“Overseas mergers and acquisitions can sometimes resemble a rose with thorns, you must be careful and you must do your due diligence,” Pan Gongsheng, the head of the State Administration of Foreign Exchange (SAFE) and a vice governor of the People’s Bank of China (PBOC), told Shanghai Securities News, according to news agency Reuters.

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