Dec 21, 2017  -  By AAP | 21.12.2017 08:05 AM | ANZ has had the sale of its New-Zealand finance business UDC Finance to Chinese logistics company HNA Group blocked by a regulatory body. The lender says New Zealand's Overseas Investment Office had declined HNA's application to buy the business for $NZ660 million ($A626 million), and unless HNA can get the decision overturned the sale will not proceed.

ANZ will assess its options for the UDC business but says there is no urgency given the strength of the lender's current capital position following the recent sale of its life insurance arm.