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US regulators want to stop Chinese companies from taking over American firms

HNA Group’s proposed acquisition of the hedge-fund investing firm SkyBridge Capital is one of several Chinese deals that’s come under increased scrutiny from U.S. regulators. The Committee on Foreign Investment in the U.S., also known as CFIUS, is growing increasingly wary of Chinese deals and has created a backlog of investigations, the Wall Street Journal reported. HNA’s deal to purchase SkyBridge from financier Anthony Scaramucci, the new communications director for President Trump, is among several […]


Source: The Real News

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