USEUROPEAFRICAASIA 中文雙語Fran?ais
    World
    Home / World / Europe

    China's smaller companies increasingly buying into UK

    By CECILY LIU | China Daily UK | Updated: 2017-06-26 18:36

    Analysts expect Chinese investors to continue to buy into the United Kingdom, despite uncertainties surrounding Britain's decision to leave the European Union.

    And many of the acquisitions will be made by small and medium-sized businesses.

    The situation was summarized in a report released on Friday that tracks 438 Chinese outbound deals made globally in 2016- a 20 percent increase on the 363 deals made in 2015.

    The 2016 deals had an aggregate value of $216 billion, a significant change from 2015's $87 billion.

    The report was compiled by the Shanghai-based M&A advisory company DealGlobe and by Hurun, the Chinese company that became well known for publishing an annual rich list.

    Feng Lin, founder and CEO of DealGlobe, said factors leading to the increase in M&A activity include Chinese companies' search for overseas growth and intellectual property; and their ease of access to financing.

    One trend Feng highlighted was the increasing activity of small and medium-sized Chinese companies. From among the total number of M&A deals made in 2016, only 13 percent were made by State-owned enterprises. The remainder were made by private companies and financial investors, such as private equity funds. This trend became clearer in the first quarter of 2017, when 83 percent of outbound transactions were led by private companies.

    Deals leading the 2016 global acquisitions league include ChemChina's $43 billion acquisition of Switzerland's Syngenta, State Grid's $12.4 billion purchase of Brazil's CPFL Energia SA and Bohai Financial Investment Holding buying CIT Group's aircraft leasing assets for $10 billion.

    Then, in the first quarter of 2017, Chinese outbound deals slowed. A total of 89 Chinese outbound deals were announced with a value of $26 billion, a drop from the $39 billion from 107 deals during the same period last year.

    But experts are still optimistic about the longer-term acquisitions landscape.

    "The temporary drop in the first quarter this year may be a reflection of market participants becoming more rational, meaning those acquirers still in the market may be more rational companies keen to invest in post-merger integration and realize synergies more efficiently," said Michelle Wang, director of marketing at DealGlobe.

    The United States ranked first as a destination for Chinese companies' outbound deals, with 84 transactions. The UK ranked fourth, equal with Australia, with 25 deals.

    Gerard Lyons, a director of the Bank of China in the UK, said Brexit uncertainties makes the UK keen to attract more Chinese acquisitions, particularly in sectors including technology innovation and infrastructure, both of which are also sectors that China is keen to invest in abroad.

    Meanwhile, Chinese buyers still have many lessons to learn in the international acquisitions, said Gary Miller, a partner at the law firm Mishcon de Reya.

    "Steps, such as taking the time to get to know the target companies' unique cultures, ensuring the right contracts are in place in structuring the deals, and that the right reporting procedures are present, will all contribute toward helping Chinese buyers realize value for their acquisitions in the end," said Miller.

    Most Viewed in 24 Hours
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    中文字幕无码第1页| 亚洲日韩VA无码中文字幕| 日韩欧美中文字幕一字不卡| 变态SM天堂无码专区| 色婷婷综合久久久久中文字幕| 777久久精品一区二区三区无码 | 日韩视频中文字幕精品偷拍| 亚洲?V无码成人精品区日韩 | 色综合AV综合无码综合网站| 最好看最新高清中文视频| 精选观看中文字幕高清无码| 人妻丰满AV无码久久不卡| 无码国产精品一区二区免费式影视| 国产在线无码不卡影视影院| 久久亚洲AV无码精品色午夜| 久久久久中文字幕| 亚洲精品无码成人片在线观看| 久久国产精品无码HDAV| 日韩精品中文字幕第2页| 日本精品久久久久中文字幕| 亚洲熟妇少妇任你躁在线观看无码| 国产精品无码无片在线观看| 亚洲AV无码欧洲AV无码网站 | 亚洲成AV人片在线播放无码| 在线天堂资源www在线中文| 最近免费视频中文字幕大全| 波多野结衣中文字幕在线| 国产在线精品一区二区中文| 国产 欧美 亚洲 中文字幕| 一本之道高清无码视频| 无码视频在线播放一二三区| 亚洲熟妇无码八V在线播放| 青春草无码精品视频在线观| 久久久久亚洲?V成人无码| 免费无码一区二区| 亚洲一级Av无码毛片久久精品| 无码人妻精品一区二区蜜桃百度| 亚洲AV无码AV男人的天堂不卡| 亚洲Av无码乱码在线播放| 中文字幕av无码专区第一页| 日韩欧美一区二区不卡中文|