Posted On 2018/01/01 By In Business, News With 359 Views

Chinese Firms complete 1.5 Trillion Yuan M&A Deals in 2017

Chinese companies have completed more merger and acquisition (M&A) deals this year, but their total value dropped. As of Friday, firms completed 4,018 M&A deals worth 1.51 trillion yuan (228.4 billion U.S. dollars), as compared to 2,998 deals with value of 1.7 trillion yuan last year, according to information service provider Wind.

A total of 8,016 M&A deals were announced with a total value of 3.29 trillion yuan. One of the main types of deal was horizontal integration, where a company acquires firms at the same level of the value chain, usually competitors.

Food and real estate were among the sectors that saw the most M&A deals this year. Among the announced deals, 348 were outbound M&A, with a total value of 428.8 billion yuan.

Chinese authorities have been encouraging more rational outbound investment this year, with curbs announced on overseas investments in sectors such as real estate and entertainment.

Investments related to the Belt and Road Initiative and those conducive to the country’s industrial upgrading have also been encouraged.


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Sources:

Article: China.org / Image: Andrey Filippov

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About

Stefan

Stefan (from Austria, Europe) has been living, studying and working in China since 2010. Stefan has worked on several research, publication and consulting projects focusing on the China Travel Market. He holds two Masters degrees and is an expert on China Outbound Tourism, Marketing and Social Media in China. Stefan works with BMG on the Global Ready China Seminars as well as the Global Ready China News and related projects. He also has teaching engagements in the areas of eMarketing and Tourism Strategy.

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