What M&A rainmakers can learn from Huarong saga

Beijing's investigation of Lai Xiaomin, a former chairman of China Huarong Asset Management, shows the risks foreign firms face when courted by potential Chinese investors.

What M&A rainmakers can learn from Huarong saga

Beijing’s tough stance against a former chairman of China Huarong Asset Management highlights the risks that can lurk behind a facade of well-connected corporate respectability and a reminder to investors to do their due diligence, and do it thoroughly, when investing in China.

Lai Xiaomin, ex-chairman of the country’s largest financial asset management firm, is being prosecuted for bribery and embezzlement of public assets, the Central Commission for Discipline Inspection CCDI and...

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