I was interviews by AgiChina to discuss the recent tightening of capital control imposed by the Chinese Government. This new regulation just, once again, shows that the opening of the Capital account and the consequent internationalization of the RMB are likely to be affected. It is still a long way, and for one step forward there is one (or more) step backward. The impact on cross-border M&A, from China into Europe, is likely to affect but may also bring benefits to the European potential targets: now that the door is slightly closed, Chinese M&A would focus on quality companies. European targets now need to compete for their quality. This is the boost that European enterprises need to improve their competitiveness.
To read the full interview article, please click here.
Photo from CNBC.com