Chinese outbound M&A volume hits 7-year high: report

BEIJING, Nov. 14 (Xinhua) -- Outbound mergers and acquisitions (M&A) by China's enterprises have reached the highest level since 2005 in the first three quarters of this year in terms of transaction volume, a Deloitte report showed on Wednesday.

In the first nine months of 2012, 133 overseas M&A cases involving Chinese firms have been disclosed, down from 145 in the same period last year, but the total M&A volume surged 16.2 percent year on year to 52.2 billion U.S. dollars, according to Deloitte.

The report has covered enterprises from the Chinese mainland, Hong Kong, Macao and Taiwan.

Xie Qilong, a top executive of Deloitte China responsible for M&A service, said outbound M&A activities of Chinese firms have not been seriously affected by the global economic gloom and stayed brisk.

In the nine-month period, a significant part of the Chinese outbound M&A activities took place in the energy and resources sectors, which accounted for 29 percent of the total number and 68 percent in terms of transaction volume, said the report.

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