Chinese government rule on foreign ownership? Here is Inter’s response on Zhang and Suning

Inter expressed its position on the latest news reported by the Wall Street Journal on the Chinese government’s provision

The Chinese government’s provision is already causing a lot of discussion among the Inter people (reported by the Wall Street Journal), which blocks the career of senior Communist Party officials with foreign ownership. According to reports from La Stampa, however, the management from Inter immediately dampened the negative impact of this change desired by Beijing. The newspaper portal writes:

–

“It could be a measure with some consequences on Zhang Jìndong and therefore on his son Steven who control Inter through Suning. At Inter, however, there is a tendency to dampen the extent of the negative effects of this restrictive turn of the Chinese Communist Party, which is traced back to the tensions between Washington and Beijing. And it is emphasized that the Chinese measure dates back to March, so it should already have had consequences if it really impacted the Zhang family. It is also unclear whether Zhang Jìndōng still holds party posts since 2018“.

–