China’s M&As seen robust in long run
Print Edition
CHINA-RELATED mergers and acquisitions are expected to remain robust in the long run even as latest data pointed to a slowing pace of M&As amid regulatory uncertainties, industry experts said.
Both domestic and inbound mergers and acquisitions targeting Chinese mainland and Hong Kong firms slumped by 10 percent year on year to US$108.9 billion in value in the third quarter of this year, data compiled by Mergermarket showed.
In the first three quarters, the value of M&As shed 19.5 percent from the same period of last year to US$315.8 billion as deals in real estate and consumer sectors fell, data showed.
A slowing economic growth and a depreciating yuan continued to spur Chinese companies to buy abroad, with the outbound deal value totaling US$171.7 billion in the first three quarters, almost doubling the annual record in 2015.
However, the pace of outbound M&As continued to slow as the deal value fell to US$40.6 billion in the third quarter from US$46.6 billion in the second quarter and US$84.5 billion in the first three months.
Industry insiders attributed the slower pace to tighter regulatory control on capital flows amid currency volatility.
“Chinese regulators have imposed a stricter and more time-consuming vetting process on outbound transactions to crack down on capital outflow via fake trade deals,” Eric Liu, senior consultant of law firm Linklaters LLP, said yesterday.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
