A US government panel has dropped its objections to the acquisition of an American insurance company by a Chinese investment firm best known for its US commercial real estate projects. Genworth Financial Inc and China Oceanwide Holdings Group Co said on Saturday that the Committee on Foreign Investment in the United States (CFIUS) had completed its review of the proposed $2.7 billion buyout. CFIUS found "no unresolved national-security concerns" with the proposed deal, Genworth said. Beijing-based China Oceanwide, a privately held firm started by businessman Lu Zhiqiang, agreed to acquire Genworth in 2016. "People seem to think that there's a block against Chinese deals, and that's just not the case, despite the fact that they undergo intense scrutiny," Salladin said.