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Overseas M&A like a rose with thorns: China FX chief

The forex regulator asks Chinese companies to be careful, invest rationally and exercise due diligence

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Mr Pan says overseas M&A deals can be 'like clasping a handful of sand at the beach'

Beijing

CHINESE companies investing overseas need to be careful and invest rationally, the head of China's foreign-exchange regulator was quoted as saying by the official Shanghai Securities News on Monday.

"Overseas mergers and acquisitions can sometimes resemble a rose with

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