Insightful News


We are an addiction for those who love reading.


Insightful News

China Blocks Dalian Wanda From Completing Overseas Deals



BEIJING—Chinese regulators have ordered the nation’s big banks to put the brakes on loans to Dalian Wanda Group, the giant property and entertainment company owned by billionaire Wang Jianlin.

Chinese banking regulators met with executives at the country’s big state-owned lenders June 20 and advised them that six of Wanda’s foreign acquisitions, including Hollywood producer Legendary Entertainment, were subject to government capital…



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *