find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Chinese policy changes drive M&A growth

Chinese policy changes drive M&A growth

New policies from the Chinese Government on inbound and outbound investment are likely to alter the M&A landscape, a new report finds.

According to Allen & Overy’s M&A Insights report for the first half of 2015, China has begun actively encouraging local companies to acquire overseas assets.

“This is not an entirely new phenomenon, but what’s different is the government’s willingness to sanction competition between Chinese companies for foreign assets – something that rarely happened until quite recently,” the report found.

China also appears more willing to allow its currency to become fully convertible, with a target set for the end of the year, A&O suggested

“The deputy head of China’s central bank has said the move will offer much greater flexibility to Chinese investors overseas and help support the country’s huge wealth management sector.”

However, controls over inbound investment in China’s technology sector have been tightened, with the government choosing to contract with domestic IT suppliers rather than overseas counterparts.

Worldwide, the report found most transactions were concentrated in Western Europe, which attracted 32 per cent of all deals, followed closed by the United States at 28 per cent.

Asia Pacific, including Australia, attracted 14 per cent of deals while China accounted for 13 per cent.

M&A activity was strong in the first half of 2015, with a particular emphasis on ‘megadeals’, those worth more than US$5 billion.

A total of 53 megadeals were recorded in the first half of 2015, compared to 43 in the first half of 2014.

Megadeals also made up 1.3 per cent of all deals worldwide.

Telecommunications, media and technology was the most profitable sector, worth $398 billion in global deals, followed by energy at $265 billion and consumer at $203 billion.



Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Chinese policy changes drive M&A growth
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
Oct 23 2017
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
Oct 23 2017
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...