China M&A Sets New Record With 24.4% Growth In 2013

China’s mergers & acquisitions (M&A) activity sets a new record this year with deal value hitting US$261.9 billion, surpassing last year’s record of US$210.6 billion by a whopping 24.4%, according to data released by Thomson Reuters.

The M&A deal value is based on announced transactions. Completed M&A tallied US$149 billion year-to-date, 0.5% below last year’s full year value of US$149.7 billion.

Energy & Power still dominated China’s deal activity with deal value of US$46.5 billion, taking a 17.8% stake of China’s overall M&A.

Cross-border deals also set a new record with deal value of US$96.4 billion, a 2.1% growth year-on-year. Outbound M&A accounted for 64% of China’s cross-border activity while inbound M&A took 36%.

China’s domestic M&A also set a record of US$162.9 billion, up 41.7% in deal value from last year.

Morgan Stanley took the top spot on the underwriters’ ranking for M&A advisory work.

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