WSJ – Anbang, After a Whirlwind of Western Deals, Has Been Benched by China

PCV notes that restrictions on capital outflows, especially for riskier investments, have increased in advance of the leadership reshuffle this Fall. Economic stability remains the the government’s paramount goal until that time.

June 1, 2017

‘A few months ago, the chief executive of a big Western bank was scheduled to meet with one of China’s most aggressive deal makers—Wu Xiaohui, CEO of Anbang Insurance Group Co.

At the last minute, Mr. Wu pulled out, according to the bank’s head of Asia mergers and acquisitions, who arranged the appointment. He needed to see Chinese regulators instead.’

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