In the Czech Republic, relations with Beijing are institutionalised in the 17 plus 1 framework and bilateral agreements. In addition, having a bank with a European license was supposed to allow further acquisitions in the financial sector in a simplified regulatory regime. It also described Chinese violation of the unified EU policy though Czech entities and economic and scientific-technical espionage. This means that CEFC has become another private Chinese company, after the Anbang Insurance Group, whose foreign expansion based on excessive debts has been interrupted by the arrest of its private owners and had its public assets put under state ward. Political interference by China is now essentially a global phenomenon.