What Fake Bank Documents Say About China M&A RisksBy
First-time Chinese buyers are going overseas at record pace
‘We’re seeing a lot of deals where people scratch their heads’
The Chinese account statement had all the trappings of the real thing: a red oval seal bearing Bank of Jiangsu Co.’s name, a balance printed to the last decimal (852,468,304.56 yuan) and a time stamp of 4:14 p.m. on April 25.
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