Published: 3:23pm, 29 Nov, 2016 Updated: 2:54pm, 20 Jul, 2018
The People ’s Bank of China has issued licenses to several Chinese commercial banks to verify sources of capital and their purpose for usage overseas to ensure the practicality of transactions and their legal alignment . In particular , authorities are targeting “ extra - large ” foreign acquisitions valued at $ 10bn or more , property investments by foreign - owned companies over £ 1bn and overseas investments by Chinese companies in unrelated industries exceeding £ 1bn .