China M&A scrutiny to cast shadow on Asia deals volume

China M&A scrutiny to cast shadow on Asia deals volume

FILE PHOTO: The headquarters building of Anbang Insurance Group are pictured in Beijing, China, August 25, 2016. REUTERS/Jason Lee/File Photo

China’s outbound M&A volumes nearly halved in the first six months of 2017 following Beijing’s crackdown on capital outflows, data showed, and its new scrutiny of acquisitive groups, including Anbang and HNA, is set to dampen Asian dealflow further.

Overseas deals by Chinese companies – the engine of M&A activity in Asia – fell 49 percent in the first half of 2017 from the year-ago period to $64.2 billion, dragging down regional deal volumes, according to Thomson Reuters data.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter