Reuters (October 6)
2023/ 10/ 08 by jd in Global News
“It’s getting harder for China Inc to go global, and tougher for global financial advisors to take on the rapidly shrinking pool of related mandates.” Concerns over spying cannot be squelched. Alibaba provides the latest example. “Belgium’s intelligence service on Thursday confirmed it is scrutinising the tech behemoth’s European logistics hub just days after its courier unit Cainiao filed to go public in Hong Kong.” Chinese companies can expect “rising political risks… as they expand overseas. And that, in turn, might make bankers more cautious when taking on deals.”
Tags: Alibaba, Bankers, Belgium, Cainiao, China Inc., Concerns, Financial advisors, Hong Kong, Logistics hub, Mandates, Political risks, Scrutinising, Shrinking pool, Spying
