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China state enterprise managers spooked by new liability rules

As they now risk sanctions for life for bad deals, they're slowing deal-making and pushing decisions up the ladder

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Business development managers at Chinese state-owned firms have been put on notice: mess up on merger- and-acquisition (M&A) deals and you can be held personally liable - for life.

Hong Kong

BUSINESS development managers at Chinese state-owned firms have been put on notice: mess up on merger- and-acquisition (M&A) deals and you can be held personally liable - for life.

Under new rules unveiled by China's State Council, or Cabinet, last month, managers...

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