After Anbang Takeover, China’s Deal Money, Already Ebbing, Could Slow Further
In Washington, the Anbang takeover has galvanized lawmakers
and Trump administration officials who have called for the United States to take a tougher look at Chinese purchases of American companies.
Just as the Chinese government announced its plans to take over Anbang last week, the American semiconductor testing company Xcerra Corporation announced
that its $580 million sale to Hubei Xinyan, an investment fund backed by the Chinese state, had been blocked by American officials.
Gordon Orr said that Investors in companies outside China in which Anbang, Wanda or HNA own a stake of less than 100 percent should expect
that the stake held by the Chinese investor will be put on the market over 2018,
The Committee on Foreign Investment, the government committee
that reviews foreign purchases of American companies in the United States, could become an even tougher hurdle.
These include hotels across the United States, a large stake in a South Korean bank, a Dutch insurance company and a South Korean insurance company.
The Trump administration has expressed concerns about investments by Chinese companies in United States
firms in areas where Beijing wants to be dominant, like artificial intelligence and self-driving cars.
