Chinese Red Tape Leaves Billions of Dollars of Deals in Limbo
- Navigating complex web of regulators can slow approval process
- China deal activity headed for one of worst years in a decade
This article is for subscribers only.
The long reach of Chinese regulators is making it hard for certain companies in the world’s second-biggest economy to carry out transactions, leaving billions of dollars worth of deals on the table.
Even with Beijing’s stimulus in September and subsequent rally in the stock market, 2024 is set to be the worst year in more than a decade for mergers and acquisitions, according to data compiled by Bloomberg. And while better than the lows of 2023, initial public offerings in Hong Kong have raised less than a fifth of the amount four years ago.