M&A activities surge overseas in 2014
Chinese enterprises completed a record 176 mergers and acquisitions (M&A) overseas in the first nine months of 2014, up 31 percent year-on-year, according to accounting firm PwC.
Private enterprises completed 120 M&A transactions, more than double the number by stateowned enterprises and making them the major force in the M&A market, according to the report.
In the first three quarters of 2014, the total value of overseas M&A transactions by Chinese enterprises reached $40.8 billion. There were 14 transactions valued at more than $1 billion each.
The total outbound value of M&A deals by private companies was up more than 120 percent year-on-year, while the value of transactions by state-owned enterprises dropped for the first time, with a decline of 37 percent, it said.
A model presents a creation by Chinese designer Zhang Zhifeng in front of a drawing of the Yellow Emperor Xuan Yuan at China Fashion Week in Beijing on Oct 25.