Latest News:  
Beijing   Sunny/Cloudy    16 / 6 ℃  City Forecast

English>>China Business

Overseas M&As cool as home deals active

By Hu Xiaocen (Shanghai Daily)

08:44, November 12, 2012

CHINESE enterprises buying overseas assets plunged 46 percent in the third quarter annually although they were active in domestic takeovers, according to an industry report.

There were only 22 cases of overseas mergers and acquisitions, totalling US$1.9 billion, involving Chinese companies from July to September from a year earlier, Zero2IPO Research Center said in a report released yesterday.

"Outbound M&A deals tumbled 74 percent from the second quarter, the lowest since 2011. Their contribution to the M&A market fell from 68 percent in the first half to 28 percent in the third quarter this year," the Beijing-based research firm said in the report.

China's economic growth has slowed for seven quarters and hit 7.4 percent in the third quarter, hurt by weak external and domestic markets.

Even foreign takeovers of Chinese firms sank 65 percent annually to just six in the period, totalling US$235 million, the report said.

Although domestic mergers also fell an annual 25 percent in the three months to 205 cases, they rebounded 22 percent from the quarter ended on June 30. The domestic takeovers were worth US$4.5 billion, or 88 percent of all M&A cases involving Chinese firms, said Zero2IPO.

"The M&A market in China has experienced a structural transformation in the third quarter mainly due to the rebound in domestic takeovers. Investors became more prudent with overseas acquisitions amid the prolonged financial turmoil," Zero2IPO said.

Recommended Features:
[Special]'Made in China' Revisited From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
Gold collection issued to mark 'Year of Snake' China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits
China Int'l Industry Fair opens in Shanghai Caofeidian coal wharf put into use Canton Fair wraps up on Sunday


Leave your comment0 comments

  1. Name


Selections for you

  1. Weekly review of military photos

  2. Chinese navy conducts joint exercise

  3. Most expensive diamonds in the world

  4. Shanxi's grain production to hit record high

  5. Heavy snowfall hits N China's Hohhot

  6. October export growth accelerates, imports steady

  7. Shanghai Int'l Puppet Festival opens

  8. Subway Sex Crimes—Who’s at Fault?

Most Popular


  1. Growth of for-profit hospitals should be limited
  2. Mahjong: to protect or to crack down?
  3. Commertary: Finding a dynamic balance
  4. Central bank to use more open-market operation
  5. Commentary: Have confidence in China
  6. Chicagoans await election with mixed feelings
  7. Confident beginning paves way for happy marriage
  8. How many 'Anna Kareninas' lost in marriage
  9. 'Summer Palace' not labeled as speculations
  10. Govt still needs hand in rare earths

What’s happening in China

Beijing experiences windy weather, temperature drop

  1. More blizzards expected in NE China
  2. China Exclusive: Life under cold snap
  3. Property policy leads to divorce boom in SW China
  4. Shanxi's grain production to hit record high
  5. Mixed joy club