国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Record year expected for M&As

By Gao Yuan (China Daily) Updated: 2016-02-16 01:38

The combined value of China's outbound mergers and acquisitions is expected to set a record this year and be more diversified, according to an academician and industry analysts, as Chinese companies from various sectors place high-profile investments in the first two months of 2016.

A vibrant M&A desire from Chinese companies will also boost the world economy, which is facing great hurdles to recovery, said Xing Houyuan, deputy director of the Chinese Academy of International Trade and Economic Cooperation, a think tank under the Ministry of Commerce.

“The worldwide economic slowdown and change of landscape in the global industry chain offers a great opportunity for Chinese companies to purchase overseas assets that they deem valuable,” Xing said.

“Any industry could be a target for Chinese companies today,” she said, adding that many records — including that for total expenses in outbound M&As — will be broken.

The comments came after a number of State-owned enterprises and private companies struck multibillion-dollar deals in areas ranging from the Internet and agriculture to consumer electronics and finance.

On Wednesday, a Chinese consortium led by Beijing-based online security company Qihoo 360 Technology Co bid $1.2 billion in cash to purchase Norwegian Web-browser developer Opera Software ASA.

A week before the takeover, on Feb 3, State-owned chemical company China National Chemical Corp, or ChemChina, said it will buy Swiss pesticide and seeds giant Syngenta for $43 billion. The deal was the largest overseas acquisition by a Chinese company.

Ren Jianxin, chairman of ChemChina, said the takeover will help Syngenta to build a presence in China, whose farmlands feed more than 1.3 billion people each year.

On Feb 5, a group of Chinese investors led by Chongqing Casin Enterprise Group agreed to purchase the 134-year-old Chicago Stock Exchange for an undisclosed amount. It was the first United States stock exchange to be purchased by Chinese companies.

In late January, Shandong-based household appliances multinational Haier Group agreed to buy General Electric's appliances business for $5.4 billion in cash. A few days earlier, privately owned conglomerate Wanda Group said it will buy Hollywood filmmaker Legendary Entertainment for $3.5 billion.

Chinese companies announced a record high 598 overseas M&A deals last year, worth more than $112 billion, according to Dealogic, a financial platform provider.

Less than two months into 2016, Chinese companies already have spent roughly $55 billion on outbound M&As, according to public statistics compiled by China Daily.

Carol Wu, transaction services partner of PricewaterhouseCoopers China, said that as the Chinese government has taken a more active role in facilitating outbound investment, Chinese outbound M&A activities have continued to grow in size and number of deals.

Zhong Nan contributed to this story.

Hot Topics

Editor's Picks
...
蕉岭县| 峡江县| 岳阳市| 浏阳市| 海南省| 眉山市| 临朐县| 汾阳市| 昌都县| 垫江县| 昌邑市| 固安县| 福贡县| 大冶市| 安溪县| 阿克陶县| 西宁市| 潜江市| 饶阳县| 芦山县| 崇仁县| 彰化县| 祁阳县| 北安市| 萨迦县| 泉州市| 贡觉县| 和龙市| 揭阳市| 营口市| 嵩明县| 绩溪县| 开江县| 苏尼特右旗| 柏乡县| 双牌县| 南投市| 将乐县| 德庆县| 麻阳| 明溪县|