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China blocks Dalian Wanda from completing overseas deals - WSJ

China blocks Dalian Wanda from completing overseas deals - WSJ
From Reuters - July 16, 2017

(Reuters) - Chinese banking regulators have ordered the nation's big banks to put the brakes on loans to property giant Dalian Wanda Group, the Wall Street Journal reported on Monday.

China's banking regulators met with executives of the country's big state-owned banks on June 20 and advised them that Dalian Wanda's foreign acquisitions were subject to the capital restrictions imposed by the government last year, the journal reported, citing a document from one on the participating banks. on.wsj.com/2tZXa2Q

Dalian Wanda could not be reached for comment.

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