China's halt to Carlyle-Xugong deal seen as 'step back' for capital markets
04.09.2006, 06:12 AM

SHENZHEN, China (XFN-Asia) - China's move to block the Carlyle Group's plan to buy a majority stake in Xugong Group Construction Machinery Co Ltd was a 'step back' for China's capital markets, said an executive of the Hong Kong arm of Australia's Macquarie Bank Ltd.

' jpb/wk