China's Q3 acquisitions hit 10 billion yuan

Edited and Translated by Han Shasha, People's Daily Online

Statistics from a research center showed that the total value of mergers and acquisitions in China reached more than 10.3 billion yuan in the third quarter, a record high in five years.

According to statistics from Qingke research center under the China Venture and Private Equity Research Institution, the third quarter saw 294 mergers and acquisitions, an increase of 102.8 percent year-on-year and 21.5 percent month-on-month.

The total number of the deals between Chinese firms in the M&A market was 246, which were worth a total of 4.82 billion yuan. A total of 4.1 billion yuan was involved in the 39 deals that were closed by Chinese firms buying foreign assets. Foreign firms closed 17 deals in China that involved 1.41 billion yuan in total.