Chinese Outbound Investment Up 20% in First Nine Months- China Business Network

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Chinese Outbound Investment Up 20% in First Nine Months

2013-12-05

Brief：During the first nine months of the year, Chinese outbound investment reached $73 billion, up 20% compared with the same period last year.

During the first nine months of the year, Chinese outbound investment reached $73 billion, up 20% compared with the same period last year, according to a report published by A Capital, an Euro-Asia private equity firm based in Beijing.

Chinese investment in North America hit $24.7 billion, up by almost 300% compared with last year. The hike is driven by one mega deal, CNOOC Ltd.'s $15.1 billion takeover of Canadian oil and gas company Nexen Inc.

State-owned enterprises dominate Chinese outbound investments, taking up 75% of all mergers and acquisition deals and 71% of all takeover transactions.

A Capital estimates that China's outbound investment will grow to match foreign direct investment in China in the next three years.

China Money Network

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Tags：Chinese outbound investment, A Capital, overseas merger and acquisition

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