Regulators in China Clamping Down on Global Dealmaking, Shaun Wu Explains
February 1, 2017
As Chinese corporations and wealthy Chinese nationals continue to invest in offshore companies and real estate, a crackdown on capital flight by the Chinese government forebodes a slowdown in such deals. Asia-based lawyer Shaun Wu, who focuses his practice on China-related matters, shared insights on the issue with Institutional Investor, citing that China’s central government recently set up its first broadly focused anti-corruption agency. The National Supervisory Commission will expand the campaign beyond just members of Communist Party, Wu said: “This new commission can even investigate multinationals in their dealings with state-owned enterprises in China.”
To read the article, “China’s Days as a Global Deal Maker May Be Numbered,” click here.