How China's Crackdown on Conglomerates Is Hitting Their Assets
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China’s Communist leadership has tightened the regulatory screws on some of the nation’s largest, private-sector conglomerates in the name of financial stability.
That’s made things a little less stable for investors in some of those companies’ securities. The effects have varied. Bondholders have generally been the worst hit, though stockholders in some of HNA Group Co.’s units have seen shares suspended from trading.