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China issues guidelines for overseas M&As, pushes Belt and Road deals
August 18, 2017 / 9:27 AM / 2 months ago

China issues guidelines for overseas M&As, pushes Belt and Road deals

A map illustrating China's silk road economic belt and the 21st century maritime silk road, or the so-called "One Belt, One Road" megaproject, is displayed at the Asian Financial Forum in Hong Kong, China January 18, 2016. REUTERS/Bobby Yip/File Photo

BEIJING (Reuters) - China’s cabinet on Friday issued guidelines to regulate overseas investment as Beijing looks to support capable firms investing overseas while limiting deals in property, hotels, entertainment, sports clubs, and the film industry.

The government will push for investments related to its Belt and Road initiative but also plans to maintain a blacklist of domestic firms that violate overseas investment rules, the State Council, or cabinet, said in a notice on its website.

Reporting by Beijing Monitoring Desk; Writing by Elias Glenn; Editing by Clarence Fernandez

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