Greg Burch, Chair of the Firm's China practice and a Partner in the Houston office, provided insight on the Chinese government’s recent decision to relax some of the restrictions on cross-border capital outflow and the effect on the M&A market. Measures put in place by the government included limiting investments in foreign sectors that had been deemed as undesirable and intensifying capital controls last year, according to the report. Burch noted there is still difficulty in the M&A arena, stating: “This particular move won’t help on real M&A deals…It’s like the brakes aren’t totally locked up any more, but the foot is still on the brake pedal pretty hard.”
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