www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Outbound mergers, acquisitions hit record

By CAI XIAO (China Daily) Updated: 2016-08-11 06:43

Outbound mergers, acquisitions hit record

Chinese outbound mergers and acquisitions hit a record in the first half of 2016, benefiting from smooth financing in the A-share market and the rise of financial investors, according to a report from PricewaterhouseCoopers on Wednesday.

There were 493 outbound merger and acquisition deals made in the first six months, an increase of 178.5 percent year-on-year. Their value totaled $134.3 billion, an increase of 346.2 percent year-on-year, more than that of the previous two full years combined, PwC data showed.

Even after deducting China National Chemical Corporation's $43 billion bid for Swiss seeds and pesticides group Syngenta AG, the biggest ever outbound M&A deal by a Chinese buyer, the value of China's outbound M&A activity grew by 203.3 percent year-on-year.

"The dramatic growth in outbound M&A deals is supported by the smooth financing in the stock market and the rise of alternative financial investors, such as the investment arms of large corporations and State-owned enterprises and insurers," said George Lu, PwC China transaction services partner.

Lu added that Chinese companies sought advanced technology, know-how and brands. They looked favorably on low valuations of some overseas assets and allocated funds globally to prevent risks.

"There was a sharp increase in outbound deal activity by both State-owned and private enterprises in the first half," said Leon Qian, PwC China transaction services northern China leader.

Outbound mergers, acquisitions hit record

"But while private enterprises have dominated in terms of outbound M&A deals for some time, they have overtaken SOEs in terms of deal value as well, " said Qian, adding that two-thirds of the 20 largest outbound M&A deals in the first half were made by private enterprises.

Technology, consumer, media and entertainment sectors became the most popular in the first half among Chinese buyers since they can provide services to the emerging middle class and growing consumer culture in China, the report said.

Private equity investors and other alternative financial buyers with a huge supply of investable capital played an important role in outbound mergers and acquisitions.

Developed economies continued to attract Chinese buyers because they have technologies, platforms and brands. Plus, they have large and mature consumer markets.

Because of the strong performance of outbound mergers and acquisitions, China's total merger and acquisition activity also hit a record in the first six months-growing to $412.5 billion. This is up 21.2 percent by deal volume and 26.7 percent by deal value year-on-year.

"The outbound M&As will continue to be strong in the second half and Chinese buyers can be aggressive bidders in auction situations," said Qian.

Qian said Chinese outbound M&A activities by financial investors will continue to grow because major deals require huge funds available in China. "2016 is already a record year for China's outbound M&As, and the full-year deal value is expected to be more than 3 times the previous record set in 2015," said Qian.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 成年美女黄网站色大 | 国产日本精品 | 欧美日韩在线视频一区 | www.久久 | 碰碰人人| 国产成人精品一区二区视频 | 在线观看日本www | 精品国产成人在线 | 女人成午夜大片7777在线 | 中文字幕在线观看一区二区三区 | 亚洲人成a在线网站 | 国产精品亚洲片在线va | 精品日韩一区二区三区 | 欧美另类久久久精品 | 欧美精品一二三区 | 国产一区二区三区免费在线视频 | 国产17部性孕妇孕交在线 | 成人做爰网站免费看 | 免费人成年短视频在线观看网站 | 成年人网站黄 | 国产精品视频自拍 | 牛人盗摄一区二区三区视频 | 成人做爰 | 国产成人精品三级 | 免费福利入口在线观看 | 久久99久久99| 中文字幕亚洲一区二区三区 | 波多野结衣中文无毒不卡 | 久久欧美精品欧美久久欧美 | 99久久精品免费观看国产 | 美女一级ba大片免色野外 | fulidown国产精品合集 | 亚洲欧美字幕 | 国产精品欧美亚洲韩国日本不卡 | 日本韩国台湾香港三级 | 国内精品久久久久久久久蜜桃 | 亚洲国产精品线在线观看 | 99久久久久国产精品免费 | 国产欧美一区二区三区视频 | 欧美一级特黄特色大片 | 成人免费视频国产 |