In­vest ra­tio­nally over­seas, firms told

New Straits Times - - Business -

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 yes­ter­day. “Over­seas merg­ers and ac­qui­si­tions can some­times re­sem­ble a rose with thorns, you must be care­ful and you must do your due dili­gence,” said Pan Gong­sheng, the head of the State Ad­min­is­tra­tion of For­eign Ex­change who is also a vice-gover­nor of the cen­tral bank. Agen­cies

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