yuan © Zoom-zoom
© Zoom-zoom

China’s government crackdown on overseas debt seems to have curbed HNA Group’s deal making, according to this report in The Wall Street Journal. Citing people involved with the company’s deals, the report claims mergers-and-acquisitions activity has been put on hold. If true, this would mark a hiatus in deal-making from one of the last big Chinese companies still “aggressively” pursuing acquisitions, following a push by Chinese regulators to limit overseas spending and bring down debt levels. HNA Group in April agreed to buy Singaporean logistics company CWT for $994m – and there has been some market speculation that it is interested in CEVA, although this is not confirmed.

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