JP Morgan's original stake in Dalian Heavy Industries to be.

<P> Originally for the U.S. investment bank JP Morgan Chase (JPMorgan Chase)'s private equity subsidiary of CCMP Capital is in talks to be acquired Dalian Heavy Industries • Crane Group (DHI-DCW) of the minority stake. .The latter is the largest heavy machinery maker, based in Dalian, northeast China, by the local government holding. .</ P> <P> The Chinese company that is working with several potential strategic partners to consult, including formerly known as JPMorgan Partners of CCMP Capital. .</ P> <P> these negotiations is the heavy machinery industry, foreign investors interested in China, the latest example, but this time, against foreign investment in China's economic nationalism is growing in China. .</ P> <P> China's State Council said last month that large-scale machinery industry all new foreign investment are subject to approval by the State Council, which overseas investors may set up a new bureaucratic and political obstacles. .</ P> <P> China's State Council also defined the machinery industry in the hope that the vigorous support of the 12 specific areas, analysts believe that these areas may currently prohibit foreign groups to enter. .</ P> <P> CCMP Capital involved in the negotiations by the Chinese State-owned Assets Supervision and Administration Commission (State-owned Assets Supervision and Administration Commission, referred to as the SAC) Dalian branch confirmed. .SASAC is responsible for the supervision of state-owned enterprises government agencies. .</ P> <P> SASAC, said that the country will remain DHI • Crane Group's majority shareholder. .</ P> <P> either the company or the SASAC are unwilling to say who the other potential investors. .U.S. investment bank Morgan Stanley (Morgan Stanley) denied involvement in the shares of Dalian Heavy Industries • Crane Group negotiations. .CCMP Capital declined comment. .</ P> <P> CCMP Capital is a former employee of JPMorgan Partners was established this year, an independent private equity firms. .</ P> <P> because China in infrastructure construction and the huge investment, China's machinery industry has attracted foreign venture capital groups. .</ P> <P> Since the majority of large enterprises by the state, the private equity groups have also seen opportunities to improve efficiency. .</ P>.