BUSINESS China's M&A deal volume to remain steady in 2019: report

BUSINESS

China's M&A deal volume to remain steady in 2019: report

Xinhua

20:41, February 20, 2019

China's overall corporate mergers and acquisitions (M&A) deal volume will remain steady in 2019, according to a PwC report. (Photo: IC)

BEIJING, Feb. 20 (Xinhua) -- China's overall corporate mergers and acquisitions (M&A) deal volume will remain steady in 2019, according to a private report.

PwC, a global accounting and consultancy firm, predicted in the report a moderate retreat in the number of M&A in the first half due to global economic uncertainties, but a rebound will take place during the rest of the year, backed by warming outbound deals and private equity investment.

"Meanwhile, foreign investment will hopefully increase thanks to China's further opening-up in automobile, finance and high-tech sectors," said Wai Kay Eik, a PwC partner.

The report said the total M&A value came in at $678 billion in 2018. Companies in high-tech and consumer product industries became the most popular M&A targets, and the European market and some Asian economies were favored by Chinese investors.

Private companies were more vigorous in making overseas deals than their state-owned peers and private equity deals notched a record high last year.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue