Why Chinese companies are using Hong Kong for outbound M&A
| BY
clpstaff &clp articlesChinese outbound investment has grown exponentially in the past two years, but as domestic companies become more ambitious, does Hong Kong still have a role to play?
“When Chinese companies think about outbound, they always think about Hong Kong,” said Jeffrey Mak, a partner at DLA Piper's Hong Kong office who specialises in securities and corporate transactions.
In 2010, Chinese outbound investment reached $56.5 billion. A year later, that amount doubled to $116 billion. Chinese companies have become more adventurous with their investments. They are looking farther afield and tapping into new markets.
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