China holds up chipmaker Arm’s plan to offload joint venture: report

China is holding up Softbank Group Corp-owned Arm’s plan to offload its troubled joint venture in the country, the Financial Times reported on Thursday.

Chinese officials have declined to process the paperwork confirming Arm China’s transfer to a new Vision Fund entity since the documents were submitted to business regulators around May last year, the report said, citing three people close to the matter.