Politics, not rules, will direct China's dealmaking

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 trading house's scrapped sale of a hotel on Hong Kong's storied Lot No. 1 shows Beijing's efforts to curb M&A in its targeted sectors are kicking in.

Beijing may have thought it had called the final whistle on expensive football deals, but more sales are in the pipeline after a Chinese tycoon snapped up a top English club.

Now the ruling party’s Congress has passed, it’s down to China’s regulators to steer investment flows. They are doing so, firmly.

China is strengthening oversight of outbound investment through new regulations from July 1 that are designed to safeguard national interests, following an earlier ban on Meta’s acquisition of AI firm Manus.

A stronger currency suits Beijing's global ambitions, but threatens exporters. Economists warn the PBOC's latest intervention reveals a delicate balancing act.