In the News: 10-Year Outbound Low; Antitrust Amendments; and UK Connect Suspended
January 05, 2020 | BY
Vincent ChowChinese outbound M&A hits decade low; draft amendments to anti-monopoly law released; and Shanghai-London stock connect suspended over political tensions
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China outbound M&A hits 10-year low
China's outbound mergers and acquisitions (M&As) have plummeted to their lowest levels in a decade amidst a bruising China-U.S. trade war and growing scrutiny over Chinese investments globally. Chinese outbound deals totaled $41 billion in 2019, almost half that of 2018, according to Refinitiv data, Reuters reported. Meanwhile, outbound deals in the U.S. in 2019 fell 80% from the previous year to $2 billion.