A world of cheap assets has been waiting for buyers from China to arrive, but Chinese investors, for all their wealth, have largely shied away. HNA Group, an opaque but highly acquisitive conglomerate, is a notable exception.
Within the last four months, it has agreed to buy a US shipping container leasing company, a chain of mid-range European hotels and a Turkish cargo airliner, and has made it to the shortlist of bidders for luxury hotels in Asia and airport stakes from Athens to Sydney.
Armed with a war chest of more than $6bn of credit lines from domestic banks, HNA says it is just gearing up for the big time.
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