Carrot and stick: Beijing looks to close M&A loophole

Beijing will move beyond capital controls as it puts a firm focus on the quality of overseas deals. Structures used to beat previous rules will no longer apply.

The show's over. It's time for the details.

With China’s 19th Communist Party Congress out of the way, Beijing is beginning to put out details of the policies that will shape the country's future over the next five year.

China’s top policymaker on Friday issued a set of draft guidelines on Chinese companies’ overseas purchase. The guidelines will see a relaxation of administrative requirements on outbound investment while stepping up oversight of deals done via Chinese companies’ overseas subsidiaries.

The draft rules, on which the public can give feedback until December 3, build on a set of regulations implemented in 2014. They come...

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