After Anbang Takeover, China’s Deal Money, Already Ebbing, Could Slow Further<br />In Washington, the Anbang takeover has galvanized lawmakers<br />and Trump administration officials who have called for the United States to take a tougher look at Chinese purchases of American companies.<br />“Investors in companies outside China in which Anbang, Wanda or HNA own a stake of less than 100 percent should expect<br />that the stake held by the Chinese investor will be put on the market over 2018,” said Gordon Orr, the former Asia chairman at global management consulting firm McKinsey & Company.<br />These include hotels across the United States, a large stake in a South Korean bank, a Dutch insurance company and a South Korean insurance company.<br />The Committee on Foreign Investment, the government committee<br />that reviews foreign purchases of American companies in the United States, could become an even tougher hurdle.<br />“This cannot go unnoticed by those tasked to uphold our national security through Cfius<br />and export controls,” Mr. Pittenger said, referring to China’s takeover of Anbang last week.<br />For years, China was an enthusiastic and big buyer of hotels<br />and real estate, entertainment companies and logistics companies in the United States, rewarding those who put the deals together.<br />Just as the Chinese government announced its plans to take over Anbang last week, the American semiconductor testing company Xcerra Corporation announced<br />that its $580 million sale to Hubei Xinyan, an investment fund backed by the Chinese state, had been blocked by American officials.
