Buying overseas, Chinese conglomerates leverage offshore assets for financing

Buying overseas, Chinese conglomerates leverage offshore assets for financing

FILE PHOTO - Fosun International Ltd Chairman Guo Guangchang (4th L) speaks at a news conference in Hong Kong, China March 29, 2017. REUTERS/Bobby Yip/File Photo

Chinese conglomerates, still eager to snap up assets abroad, are rushing to raise money offshore in order to get around capital outflow curbs that have made it much tougher for Chinese bidders to complete outbound mergers and acquisitions.

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