China's outbound M&A activities rebound in Q2: report

Updated 2017-07-24 09:14:54 Xinhua

China's outbound mergers and acquisitions (M&A) rebounded in the second quarter of this year with deal value increasing 148 percent quarter on quarter, according to an industrial report.

Chinese investors returned to the deal table in the April-June period after a lukewarm Q1 and were the second most acquisitive cross-border nation by value with 94 deals totaling at 35.9 billion U.S. dollars, according to international law firm Baker McKenzie's Cross-Border M&A Index.

The industrial sector continues to outrank other sectors in terms of China outbound M&A deal volume while the consumer and technology sectors also saw significant amounts of outbound investment from China, the report showed.

China's inbound M&A activities continued its upward trajectory, seeing a 29-percent rise in volume to 62 deals and a 69-percent rise in value to 13.2 billion U.S. dollars from Q1 of 2017.

A significant portion, 66 percent, of the inbound investment value this quarter went to the technology sector, particularly the e-commerce and software companies, the report pointed out.

"It is no surprise that the technology sector is attracting a significant portion of the inbound investment. China is already home to a number of leading global digital and Internet companies. It is likely that it will continue to attract investment and know-how to further develop its high-tech industries," said Tracy Wut, M&A partner at Baker McKenzie's Hong Kong office.

Wut also predicted a rise in cross-border M&A activities led by Chinese companies in Belt and Road Initiative countries and regions.

The industrial, consumer, service and technology sectors will most likely be the focus for Chinese investors, partly reflecting China's ongoing economic transformation from being an export and low-end manufacturing-led economy to a consumer-driven and service-oriented nation, Wut added.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 23 2017 08:10:48

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 23 2017 08:10:48

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 23 2017 08:10:48

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords