Chinese Regulators Block Banks From Lending To Dalian Wanda For Overseas Acquisitions

Chinese financial regulators have ordered the country's biggest banks to stop making loans to billionaire Wang Jianlin's Dalian Wanda to finance foreign entertainment acquisitions, according to a document seen by The Wall Street Journal. The paper said on Monday that the country's banking regulators had met with executives of China's state-owned lenders on June 20 and had advised them that six of Wanda's foreign acquisitions, including the acquisition of Legendary

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