Latest News:  


Survey reveals increase in acquisition plans

By Hu Yuanyuan  (

15:49, April 16, 2013

Plans by businesses to boost cross-border acquisitions saw a sharp rise, according to a major survey.

China businesses planning cross-border acquisitions stood at 47 percent, the Grant Thornton International Business Report 2013 revealed.

This marked the highest level since the IBR first conducted an acquisition survey in 2008.

According to the survey, 61 percent of businesses believe establishing a presence in new geographical markets is the primary motivation to participate in M&A for China businesses.

Businesses planning acquisitions also want to acquire new technology or established brands (58 percent) and create efficiencies of scale (54 percent). But businesses are relying less on M&A to lower operation costs, with just 40 percent citing that as a reason.

Retained earnings (36 percent) and bank finance (28 percent) are still the two mostly used financing channels for China businesses, according to the report.

There is also a growing appetite for listing as evidenced by the willingness for initial public offerings (22 percent), four points higher than last year.

But firms planning to raise money from private equity dropped from 17 percent in last year to 13 percent.

China businesses still prefer traditional financing channels, although the financial reform implemented in Wenzhou and Guangzhou, are helping boost small and medium businesses.

We Recommend:

Apple CEO apologizes over China warranties

Nokia closes its flagship store in Shanghai

The 10 most expensive houses in China

$52 million super luxury yacht

The many stories behind Apple's bite on its logo

Looking abroad for a new home

Email|Print|Comments(Editor:WangXin、Chen Lidan)

Leave your comment0 comments

  1. Name


Selections for you

  1. Chinese navy's warships in drill

  2. Shore-based missile regiment in drill

  3. Venezuela protesters call for full vote recount

  4. People in summer wear in east China

  5. Beijing girl infected with H7N9 recovering

  6. Smartphone users victims of scams

  7. Amazing pictures of Zhou Xun in Sweden

  8. Yunnan's umbrella spectacle

  9. H7N9 wipes 10 bln yuan from poultry biz

  10. The mini homes in China

Most Popular


  1. Great wisdom needed to push Sino-US ties
  2. China Q1 'sound' despite slower growth
  3. Key lessons to improve fiscal transparency
  4. Triple blasts rock Boston, triggering fears of terror
  5. Who makes the massive immigration fraud?
  6. Overcapacity troubles Chinese economy

What’s happening in China

Living the high life

  1. Sunbathing, a nightmare of maritime pollution
  2. Online drug deals make it tough for the police
  3. Recycler returns 200,000 yuan find
  4. College student poisoned; roommate suspected
  5. Volunteers sign up for breast-milk bank