Menu
Finance

Chinese Government Clamping Down On Domestic Investments, Including Sports

China's government is "moving to curb domestic companies' investments abroad in property, sports, entertainment and other fields, following a series of high-profile, multibillion-dollar acquisitions by Chinese firms," according to the AP. This marks the "latest move by regulators to tap the brakes on a string of foreign acquisitions, citing concerns that the companies involved may be taking on too much debt" (AP, 8/18). CNN MONEY's Sherisse Pham noted after a "record year of overseas spending" in '16, Chinese investment in other countries plunged 46% "in the first half of this year" (MONEY.CNN.com, 8/18). N.Y.-based data firm Rhodium Group said that the new rules could "have an outsize impact on investment in the U.S., which was the largest recipient of China's foreign direct investment flows last year," taking in $46B, or triple the previous year (WSJ.com, 8/18). In London, Richard Partington noted the announcement of restrictions "follows a buying spree around the globe during which Chinese firms and business tycoons have taken control of assets" including U.S. film producer Legendary Entertainment, as well as EPL club Southampton and Championship club Aston Villa (GUARDIAN, 8/18). BLOOMBERG NEWS reported while the clampdown has been "building for months," the announcement is the "clearest sign yet that government is serious about reversing the flood of Chinese money" that has poured into an estimated 29 soccer clubs in the "past four years" (BLOOMBERG NEWS, 8/18).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2017/08/21/Finance/China.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2017/08/21/Finance/China.aspx

CLOSE