By Neal Stender and Xiaowei (Sherry) Yin, Coudert Brothers, Hong Kong, Beijing and Shanghai
While foreigners are feeling the indirect effects of the new policy, the direct targets of the crackdown are:
SAFE Crackdown: Round-trips, Private Equity and M&A
Under a recent crackdown by the State Administration for Foreign Exchange (SAFE), cross-border investments and related transactions of "domestic residents" of China are subject to tougher scrutiny, procedures and restrictions.
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