Deals
Fosun Billionaire Backs China's Foreign M&A Clampdown
- Government move is ‘necessary, timely,’ Guo writes in letter
- Fosun is among Chinese firms being examined over acquisitions
Guo Guangchang.
Photographer: Giulia Marchi/BloombergThis article is for subscribers only.
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Billionaire Guo Guangchang, whose Fosun International Ltd. is under scrutiny by Chinese authorities over its foreign mergers and acquisitions, said the government’s clampdown on outbound investments is necessary to take to protect the economy.