UK to Only Allow Chinese Investment That’s to its Advantage: FT

(AF) With the UK set to pass national security laws that could stifle foreign purchases of British firms, the investment minister said Chinese involvement would only be permitted were it to “our advantage”, the Financial Times reported.

Lord Gerry Grimstone insisted that the UK was still open for business for foreign buyers and said “efficient” ground rules would be set to screen potential investors, the report added. Full report: Financial Times

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Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.