Fosun chairman backs China overseas M&A crackdown: report

Fosun International chairman Guo Guangchang has thrown his
weight behind an "essential and timely" push for stricter
oversight of overseas M&A deals by Chinese authorities,
according to a report.
In a post on Fosun's official page on Chinese social network
WeChat, Guo said the restrictions were necessary to stymie the
spread of risky investment practices and regulate the current
financial "chaos", Reuters reported.
He said: "This can certainly eradicate a significant amount
of irrational inv