News Snapshot:
Goldman Sachs said private-sector companies in China worth a combined $3.2 trillion face regulatory risks, and listed four industries that could be targeted by government officials. “Industries such as internet, education, media & entertainment, real estate, and healthcare could be disproportionately exposed to further regulatory attention, everything else being equal,” Goldman’s strategists wrote in a Wednesday note. A wave of regulation could have a range of potential impacts on corporates. It could result in buying opportunities and the chance to invest in structural winners in China, or in an extreme scenario, private enterprises could be nationalized or subject to regulated...
