Dalian Wanda’s Global Ambition Comes Up Against The Cold Logic Of Financial Reality
Last week Chinese conglomerate Dalian Wanda, which is controlled by China’s second wealthiest individual Wang Jialin, was placed under a regulatory probe by the China Banking Regulatory Commission . The powerful state regulator announced that it was looking into Dalian Wanda, along with Fosun International, HNA and Anbang, due to concerns about the systemic risk to the Chinese financial system for the overseas activities of these four disparate conglomerates.
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