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Chinese cash losing its cachet as yuan controls choke off deals

Overseas investment by Chinese plunges with record numbers of deals cancelled

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"Every deal at this point is looking for some way to identify offshore funds rather than deal with the capital controls," said an M&A lawyer in Shanghai.

Shanghai

FOR years, cash-rich Chinese investors have been highly sought after the world over. Now, their cash is losing its cachet.

China's increasing efforts to prevent capital from leaving the country are eroding the confidence of domestic and foreign investors about getting

sentifi.com

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