Companies

May 8, 2017

Secretive Chinese conglomerate needs more scrutiny from the FIRB

HNA Group has made an eye-watering number of acquisitions at breakneck speed in a bewildering number of sectors. Australia should keep its eye on this secretive company.

Michael Sainsbury — Freelance correspondent in Asia and <em>Little Red Blog</em> Editor

Michael Sainsbury

Freelance correspondent in Asia and Little Red Blog Editor

HNA China

Chinese conglomerate HNA Group has stunned global markets by announcing it has quietly moved to raise its stake in one of the world’s largest investment banks, Germany’s Deutsche Bank, from 3% to 10%. Deutsche, of course, has long had considerable operations in Australia, but that is just the tip of the HNA investment iceberg.

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