China's latest crackdown on conglomerate CEFC casts shadow on dealmaking

China's latest crackdown on conglomerate CEFC casts shadow on dealmaking

FILE PHOTO: The headquarters building of Anbang Insurance Group are pictured in Beijing, China, August 25, 2016. REUTERS/Jason Lee/File Photo

When news broke this week that the chairman of CEFC China Energy, an acquisitive conglomerate, was being investigated for economic crimes, one particular group gulped – dealmakers involved with Chinese companies.

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