Reports 2023 Q1 - China M&A Financial & Legal Advisory
Mergers & acquisitions (M&A) involving China totaled US$72.2 billion in the first quarter of 2023, down 12.4% compared to last year, or down 38.7% from the previous quarter. Number of announced deals totaled 954, decreasing 14.2% compared with the same period of 2022, or decreasing 34.2% from the previous quarter. Chinese outbound acquisitions totaled US$1.9 billion, down 44% compared to the same period of 2022. Chinese acquisitions along Belt & Road nations saw 36 deals worth US$0.6 billion, down 4.3% compared with the same period of 2022, and accounted for 29.7% of the total Chinese outbound acquisitions. Foreign firms acquiring Chinese companies amounted to US$20.8 billion, a 113.1% increase from the same period of 2022. Domestic activity stood at US$47.9 billion, a 25.9% decrease compared with the same period of 2022. Deal making activity involving China targeted the Industrials sector which captured 25.8% market share and totaled US$18.6 billion, a 37.8% increase