Chinese outbound M&As hit 7-year high
Editor: 管理员 Date:2012-11-16 Hit:4607
%3CP%3E%3CFONT%20face%3DVerdana%3EOutbound%20mergers%20and%20acquisitions%20%28M%26amp%3BA%29%20by%20China%27s%20enterprises%20have%20reached%20the%20highest%20level%20since%202005%20in%20the%20first%20three%20quarters%20of%20this%20year%20in%20terms%20of%20transaction%20volume%2C%20a%20Deloitte%20report%20showed%20on%20Wednesday.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20the%20first%20nine%20months%20of%202012%2C%20133%20overseas%20M%26amp%3BA%20cases%20involving%20Chinese%20firms%20have%20been%20disclosed%2C%20down%20from%20145%20in%20the%20same%20period%20last%20year%2C%20but%20the%20total%20M%26amp%3BA%20volume%20surged%2016.2%20percent%20year%20on%20year%20to%20%2452.2%20billion%2C%20according%20to%20Deloitte.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20report%20has%20covered%20enterprises%20from%20the%20Chinese%20mainland%2C%20Hong%20Kong%2C%20Macao%20and%20Taiwan.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EXie%20Qilong%2C%20a%20top%20executive%20of%20Deloitte%20China%20responsible%20for%20M%26amp%3BA%20service%2C%20said%20outbound%20M%26amp%3BA%20activities%20of%20Chinese%20firms%20have%20not%20been%20seriously%20affected%20by%20the%20global%20economic%20gloom%20and%20stayed%20brisk.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20the%20nine-month%20period%2C%20a%20significant%20part%20of%20the%20Chinese%20outbound%20M%26amp%3BA%20activities%20took%20place%20in%20the%20energy%20and%20resources%20sectors%2C%20which%20accounted%20for%2029%20percent%20of%20the%20total%20number%20and%2068%20percent%20in%20terms%20of%20transaction%20volume%2C%20said%20the%20report.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EOutbound%20M%26amp%3BA%20activities%20in%20consumption%20and%20transportation%20sectors%20ranked%20second%2C%20both%20in%20case%20numbers%20and%20trading%20volume%2C%20while%20auto%20and%20real%20estate%20sectors%20saw%20an%20increase%20in%20M%26amp%3BA%20activities%20from%20the%20previous%20level%2C%20it%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%27s%2012th%20Five-Year%20Plan%20%282011-2015%29%20has%20played%20the%20most%20positive%20role%20in%20encouraging%20Chinese%20outbound%20M%26amp%3BA%2C%20and%20the%20slowdown%20in%20the%20country%27s%20economic%20growth%20might%20have%20limited%20impact%20on%20future%20M%26amp%3BA%20activities%2C%20added%20the%20report.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EDeloitte%20predicted%20that%20outbound%20M%26amp%3BA%20activities%20of%20Chinese%20firms%20will%20bring%20business%20into%20the%20financial%20service%20sector%2C%20as%20more%20M%26amp%3BAs%20will%20give%20rise%20to%20demand%20for%20services%20from%20Chinese%20banks%2C%20which%20will%20in%20turn%20seek%20overseas%20expansion.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChinese%20banks%20are%20likely%20to%20consider%20assets%20of%20the%20European%20financial%20service%20sector%20due%20to%20its%20current%20condition%2C%20it%20added.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28China%20Commission%20of%20Commerce%29%3CBR%3E%3C/FONT%3E%3C/P%3E
