Will China Stop Overseas M&As? Unlikely, Says MacDonald

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Nov.28 -- China plans to implement sweeping curbs on overseas deal making by the nation’s companies, people with knowledge of the matter said, as a record outbound acquisition spree puts pressure on its currency to weaken. Regulators will generally bar overseas investments of $10 billion and above, while leaving room for some strategic deals to be executed, the people said. That will also apply to foreign property investments of at least $1 billion by state-owned enterprises, as well as take-privates of overseas-listed Chinese companies using onshore capital, according to the people, who asked not to be identified because the information is private. Allianz Global Investors Global Equities CIO Lucy MacDonald discusses with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."