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China: China is seeing the largest share of global mergers on record

 |  March 31, 2016

China has claimed its largest quarterly share of global mergers and acquisitions on record, with mainland companies’ takeovers of their foreign rivals accounting for almost one-sixth of all deal activity.

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    Led by a host of aggressive and politically-connected acquirers — such as ChemChina, Dalian Wanda and Anbang Insurance — Chinese companies have emerged as a dynamic force in dealmaking in a number of sectors. Their choice of target companies also highlights China’s attempt to serve its growing consumer class, as it copes with sharp declines in its stock market and economic growth prospects.

    Of the $682bn in global deal activity in the first three months of 2016, $101bn, or 15 per cent, of that figure involved Chinese buyers, according to Thomson Reuters data. At this level, the value of outbound Chinese deals has already nearly eclipsed the previous annual record of $109bn, recorded over the whole of 2015.

    Full Content: The Financial Times

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