In the first five months, a large number of Chinese companies announced their overseas mergers and acquisitions (M&A) this year which include big deals. China Chemial intends to buy Syngenta AG, a global Swiss agribusiness, with more than $40 billion and Haier purchased GE appliance business with $ 55 billion, Economic Information Daily learned this from Zero2IPO Research.

The single $1 billion M&A project increased significantly and it is the main driving force that put the deals to a record high in 2016. In addition, the overseas layouts of Chinese enterprises have witnessed new changes. Europe and America have replace Africa to become the hot destinations, mainly focusing on the information industry, financial services and high-end manufacturing rather than traditional investment in energy and resources. 

It indicates that "Chinese buyers" are growing to maturity: they are turning to pursuit of strategic and long-term value investments instead of hunting for bargains. 

However, big M&A often involve local strategic resources or large enterprises and will face greater political as well as policy risks, said analyst Qian Hao of Zero2IPO Research

Statistics from the research center show from this year, Chinese enterprises in overseas M&A eyed on biotechnology, health care, environmental protection and advanced manufacturing, and the United States, Europe, Australia and other developed countries are the main destinations. 

Science and technology are the most popular industries among Chinese enterprises. In the first four months, domestic and foreign M&A in science and technology has reached 637 deals, totaling to $ 86 billion; overseas M&A reached the highest level of a whole year ever, reaching $ 21.1 billion. 

At present, Chinese buyers are mainly divided into three categories, state-owned enterprises, private enterprises and private equity funds. They have more experience when compared to the past five years and have become more in accordance with international procedures and rules.