Chinese outbound M&A volume hits 7-year high: report (2)

Outbound M&A activities in consumption and transportation sectors ranked second, both in case numbers and trading volume, while auto and real estate sectors saw an increase in M&A activities from the previous level, it said.

China's 12th Five-Year Plan (2011-2015) has played the most positive role in encouraging Chinese outbound M&A, and the slowdown in the country's economic growth might have limited impact on future M&A activities, added the report.

Deloitte predicted that outbound M&A activities of Chinese firms will bring business into the financial service sector, as more M&As will give rise to demand for services from Chinese banks, which will in turn seek overseas expansion.

Chinese banks are likely to consider assets of the European financial service sector due to its current condition, it added.

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