SUBSCRIBERS
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
Add BT as a preferred sourcePublished Tue, Sep 27, 2016 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 will be held accountable if they "fail to, or incorrectly, perform their duties" with respect to deals that result in a loss of state assets.
Share with us your feedback on BT's products and services
