The Chinese government is easing restrictions on domestic companies looking to expand overseas, at a time when China outbound M&A has reached a record high for the year

The 165-year-old British department store House of Fraser, and the Las Bambas copper project in Peru, previously owned by Glencore Xstrata, were both bought by Chinese companies over the weekend, while Citic, China's largest brokerage, announced that it had bought a stake in US brokerage BTIG.