Variety – China Makes It Official, Formalizes Overseas Acquisitions Restrictions

The formalization of restrictions follows less stringent regulations imposed this year as China’s political class prizes stability leading up to the bi-decade leadership shuffle this fall.

August 18, 2017

‘So now it’s official: The brakes are on when it comes to Chinese investment in film, entertainment, sports and hotels.

In documents and statements issued Friday by the National Development and Reform Commission and by the State Council (document in Chinese), the Chinese government explained its crackdown on overseas mergers and acquisitions. In the past, it has characterized some deals in the entertainment sector as “irrational.”’

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