China - M&A Statistics

M&A Information about China. IMAA offers a large collection of M&A information for China. In this section, we provide you some information about M&A in, from and into China. The IMAA Insitute offers full individual and corporate members additional prepared research covering a broad range of topics. So, become a full member here.

M&A in China

In this section of the M&A statistics, we collect and regularly update information on national M&A as well as cross-border M&A from (outbound) and into (inbound) China and Hong Kong. As a free user or paying member of our Institute, you have full access and can also download more data and documents (please see our Membership section to sign up).

Announced M&A in China and Hong Kong by Numbers & Value by Years

Since 1988, more than 73’550 mergers & acquisitions transactions have been announced with a known value of almost 4’675 bil. USD. In 2016, over 7’860 deals with a total value of over 740 bil. USD have taken place.

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Announced Monthly M&A in China and Hong Kong

In January 2016, 617 transactions with a value of 73.5 bil. The month with the highest number of deals  and the highest value was December 2015 with 1096 announced deals and a value of 144.2 bil. USD.

The month with the highest frequency of deals is December with 9’241 deals which represents 12.6% of all M&A. February is the month with the lowest frequency with 4’063 transactions which are 5.5% of the deals.

The month with the highest value of deals is Dezember with 560 bil. USD of deals which represents 12% of all M&A transactions. February is not only the month with the lowest frequency, but also with the lowest value with transactions worth 276 bil. USD which are 5.9% of all deals.

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Announced Quarterly M&A in China and Hong Kong

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Announced M&A in China and Hong Kong by Industries (2000-2016)

The industry with the largest M&A activity in terms of transaction value has been the financial sector – representing 16.8% of all deals with a total value of 753 bil. USD. Second most important industry by value is the Materials sector with 558 bil. USD worth of transactions. The Industrial industry reached the third rank with 527 bil. USD of deals.

The industry with the largest number of transactions has been Industrials– representing 14.2% with a total number of over 9’737 transactions. The second most active acquirers are companies from Materials with more than 9’516 deals accounting for 13.8% of transactions. Financials companies are the third most frequent industry in terms of consolidation with 13.8% of all deals.

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Largest M&A Deals in China and Hong Kong

RankDate
Acquiror NationTargetNationValue (in bil. USD)Value (in bil.EUR) Value (in bil.GBP)Status
103.26.2014CITIC Pacific LtdHong KongCITIC LtdChina42.232.025.5Completed
202.29.2000Pacific Century CyberWorks LtdHong KongCable & Wireless HKTHong Kong37.438.423.5Completed
301.09.2015ShareholdersHong KongCheung Kong (Hldg) Ltd- PptyHong Kong36.932.724.1Completed
410.04.2000China Telecom Hong Kong LtdHong KongBeijing Mobile,6 othersChina34.239.723.8Completed
505.25.2008China Unicom LtdHong KongChina Netcom Grp(HK)Corp LtdHong Kong25.416.412.9Completed
601.09.2015Cheung Kong(Holdings)LtdHong KongHutchison Whampoa LtdHong Kong23.620.015.6Completed
710.14.2015China Tower Corp LtdChinaChina-Telecommun tower astsChina18.316.112.0Completed
808.22.2012China Telecom Corp LtdChinaChina Telecom Corp-3G AssetsChina18.014.411.4Completed
906.30.2014Investor GroupChinaSinopec Sales Co LtdChina17.513.510.7Completed
1005.23.2016Maanshan Dingtai Rare Earth &ChinaSF Holding (Group) Co LtdChina16.815.011.6Pending

Announced M&A from the China and Hong Kong to Abroad (Outbound)

In 2016, Chinese and Hong kong companies have announced almost 823 acquisitions worth 145.9 bil. USD. Compared with the year before the numbers have increased by +27.8% and also their value has increased by +61%.

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China and Hong Kong Acquisitions Abroad by Target Nation (2000-2016)

Below you will find a map of the number and value of transactions by Chinese and  Hong Kong companies abroad as well as a table of these countries. Chinese and Hong Kong companies acquire most companies in United States, Australia, and Singapore. The UK ranks 5th in terms of frequency of deals (see additional information on UK – China M&A below) while Germany which ranks 9th.

China Hong Kong M&A Abroad by Numbers

China and Hong Kong M&A Abroad by Value (in bil. USD)

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China and Hong Kong M&A Biggest Deals Abroad (Table)

RankDateAcquiror Name"Acquiror
Nation"
Target Name"Target
Nation"
StatusValue (in bil. USD)Value (in bil. EUR)Value (in bil. GBP)
101.23.2015Hutchison Whampoa LtdHong KongO2 PLCUnited KingdomPending15.413.510.3
207.30.2010Investor GroupHong KongEDF Energy-UK Power Distn BusUnited KingdomCompleted9.16.95.8
310.01.2010China Petrochemical CorpChinaRepsol YPF Brasil SABrazilCompleted7.15.24.5
404.13.2014MMG South America ManagementHong KongXstrata Peru SAPeruCompleted7.05.24.2
503.16.2016Anbang Insurance Group Co LtdChinaStrategic Hotels & Resorts IncUnited StatesCompleted6.55.84.5
610.24.2016HNA Tourism Group Co LtdChinaHilton Worldwide Holdings IncUnited StatesPending6.56.05.3
702.17.2016Tianjin Tianhai Invest Co LtdChinaIngram Micro IncUnited StatesPending6.15.54.2
810.25.2007ICBCChinaStandard Bank Group LtdSouth AfricaCompleted5.63.92.7
901.15.2016Qingdao Haier Co LtdChinaGeneral Electric Co-Appl BusUnited StatesCompleted5.64.13.3
1010.21.2016Chongqing New Century CruiseChinaAlpha Frontier LtdIsraelPending5.55.14.5
1109.07.2013CNPCChinaKashagan OilfieldKazakhstanCompleted5.03.83.2
1212.19.2007China Investment CorpChinaMorgan StanleyUnited StatesCompleted5.03.52.5
1311.11.2011SIPCChinaPetrogal Brasil LtdaBrazilCompleted4.83.53.0
1405.29.2013Shuanghui Intl Hldg LtdChinaSmithfield Foods IncUnited StatesCompleted4.83.73.1
1504.12.2010SIPCChinaSyncrude Canada LtdCanadaCompleted4.73.43.0
1603.13.2013Petro China Co LtdChinaENI East Africa SpAMozambiqueCompleted4.23.22.8
1708.22.2005CNPC International LtdChinaPetroKazakhstan IncUnited KingdomCompleted4.13.42.3
1807.11.2016TR Corp IP & Science Bus SPVHong KongThomson Reuters-IP & ScienceUnited StatesCompleted3.63.32.3
1906.20.2006China Petroleum & Chem CorpChinaOAO UdmurtneftRussian FedCompleted3.52.81.9
2001.11.2016Dalian Wanda Group Co LtdChinaLegend Pictures LLCUnited StatesCompleted3.53.22.3
2110.18.2006CVC Asia Pacific LtdHong KongPublishing & Bdcstg-Cert AstsAustraliaCompleted3.42.71.8
2208.10.2011China Investment CorpChinaGDF Suez-Exploration BusinessFranceCompleted3.32.32.0
2303.08.2010CS CSG(Australia)Pty LtdChinaArrow Energy LtdAustraliaCompleted3.22.32.1
2403.14.2010CNOOC LtdChinaBridas CorpArgentinaCompleted3.12.22.0
2501.29.2014Lenovo Group LtdHong KongMotorola Mobility Holdings IncUnited StatesCompleted3.12.31.9

M&A by Foreign Acquirers into China and Hong Kong (Inbound)

In 2016, 408 deals by foreign companies into China and Hong Kong have been announced. Compared with the year before the numbers have decreased by –11.7% and also their value has decreased by -48.8%.

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Acquisitions by Foreign Companies into China and Hong Kong by Acquirer Nation (2000-2016)

Below you will find maps of the numbers and value of transactions from foreign companies in China and Hong Kong. Most frequent acquirers into the China and Hong Kong come from United States, Singapore and Japan. Germany ranks 12th in terms of frequency of deals (see additional information on US – China M&A below) lower than Malaysia which ranks 6th.

Map of Foreign M&A into China and Hong Kong by Numbers

Map of Foreign M&A into China and Hong Kong by Value (in bil. USD)

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China and Hong Kong M&A Biggest Deals Inbound(Table)

RankDateAcquiror NameNationTarget NameNationStatusValue (in bil.USD)Value (in bil. EUR)Value (in bil.GBP)
112.05.2012Investor GroupThailandPing An Insurance (Grp) CoChinaCompleted9.47.25.8
206.16.2005Bank of America CorpUnited StatesChina Construction Bank CorpChinaCompleted7.15.64.7
304.11.2001DBS Group Holdings LtdSingaporeDao Heng Bank Group(Guoco)Hong KongCompleted5.76.44.0
403.21.2014Mayon Investments Pte LtdSingaporeAS Watson Holdings LtdHong KongCompleted5.74.13.4
503.30.2015Investor GroupQatarShandong Dongming PetrochemChinaPending5.04.63.4
601.06.2014OCBC Pearl LtdSingaporeWing Hang Bank LtdHong KongCompleted4.83.52.9
704.21.2006PSA Corp LtdSingaporeHutchison Port Holdings LtdHong KongCompleted4.43.62.5
808.31.2005Investor GroupUnited StatesICBCChinaCompleted3.83.12.1
908.13.2012Investor GroupUnited StatesFocus Media Holding LtdChinaCompleted3.62.72.2
1011.16.2006Investor GroupUnited StatesGuangdong Development BankChinaCompleted3.12.41.6
1108.18.2005Investor GroupUnited KingdomBank of China LtdChinaCompleted3.12.51.7
1203.14.2014St James Holdings LtdSingaporePerennial RE Hldg-AstsChinaCompleted2.82.01.7
1311.15.2010AXA SAFranceAMP Ltd-AXA Asian BusinessHong KongCompleted2.61.91.6
1411.24.2004Investors(Non-US)SupranationalLink REITHong KongCompleted2.62.21.5
1506.16.2005Bank of America CorpUnited StatesChina Construction Bank CorpChinaCompleted2.52.11.4
1607.29.2011Investor GroupSingaporeFestival Walk(2011)LtdHong KongCompleted2.41.71.5
1711.25.2011Charoen Pokphand Foods PCLThailandC P Pokphand Co LtdHong KongCompleted2.21.61.4
1805.11.2004Procter & Gamble CoUnited StatesProcter & Gamble-Hutchison LtdChinaCompleted2.01.71.1
1904.11.2001DBS BankSingaporeDBS Diamond Holdings LtdHong KongCompleted2.01.91.2
2008.21.2015Wincon Investment Co LtdCayman IslandsGem Alliance LtdChinaCompleted2.01.71.2
2106.16.2005Bank of America CorpUnited StatesChina Construction Bank CorpChinaCompleted1.91.20.9
2206.24.2004HSBCUnited KingdomBoCOMMChinaCompleted1.71.51.0
2307.04.2011Nestle SASwitzerlandHsu Fu Chi International LtdChinaCompleted1.71.21.1
2404.12.2000Telstra Corp LtdAustraliaPacific Century Cyber-WirelessHong KongCompleted1.71.91.1
2511.23.2009Banco Bilbao VizcayaSpainChina CITIC Bank Corp LtdChinaCompleted1.71.11.0


Announced M&A from the UK into China and Hong Kong

Since 1988, UK companies have announced almost 554 acquisitions in China and Hong Kong with a total value of 38.8 bil. GBP or 60.6 bil. USD. Last year 23 deals had been announced which is an increase of 77% compared to 2015. The value of 0.6 bil. GBP in 2016 however represents an increase by +20%.

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Announced M&A from China & Hong Kong to the UK

Since 1988, companies from China and Hong Kong have announced more than 407 acquisitions with a total value of 55.7 bil. GBP. Last year 59 deals had been announced which is an increase of +11.3% compared to 2015. The value of 7 bil. GBP or 9.1 bil USD in 2016 is a decrease of 48.9%.

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Announced M&A from the US into China

Since 1991, US companies have announced almost 2’153 acquisitions with a total value of 99.2 bil. USD. Last year 50 deals had been announced wich is a decrease of -36.7% compared to 2015. The value of 1.2 bil. USD in 2016 represents a drop by more than two third (-76.9%).

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Announced M&A from China & Hong Kong to the US

Since 1985, companies from China and Hong Kong have announced more than 1076 acquisitions with a total value of 186.6 bil. USD. While in terms of numbers, US companies have made more transactions in China than the other way round, when it comes to value – Chinese companies have spent 87.4 bil. USD more in the US than US companies in China . Last year 164 deals had been announced wich is an increase of 75.3% compared to 2015. The value of 78.6 bil. USD in 2016 represents an increase of 428%.

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Unless otherwise stated source for all statistics is: Thomson Financial, Institute for Mergers, Acquisitions and Alliances (IMAA) analysis.

Other China M&A Reports

Apart from performing our own analysis on M&A trends, We collect reports from different sources:

Deloitte

Ernst & Young (EY)

KPMG

MergerMarket

Paul Hastings

PricewaterhouseCoopers (PwC) China

Squire Patton Boggs


Articles about Chinese M&A

A. T. Kearney

Bain

Boston Consulting Group (BCG)

Linklaters