Goldman Sach's private equity fund has won regulatory approval from the State-owned Assets Supervision and Administration Commission (SASAC) for its 2 billion yuan acquisition of meat processor Shineway Group, Reuters reported. The deal still needs the approval of China's commerce ministry, the statement to the Shenzhen Stock Exchange added. But the ministry has usually followed the decision of the cabinet-level commission in the past, said Reuters. The delay caused concern among foreign investment bankers, because China has in recent months tightened its supervision of takeovers by foreigners, with some officials complaining that the country is selling its assets too cheaply.