Merger and acquisition (M&A) deals in China jumped 18 percent to more than 1,700 in the first 11 months of 2007, a report released on Wednesday said.
The total M&A deals were worth more than 80 billion U.S. dollars, up 25 percent from the same period a year earlier, said a Price waterhouseCoopers (PWC) report.
Of the total, 987 deals were conducted by domestic firms, an annual increase of 45 percent. The deals were valued at 50.6 billion U.S. dollars, up 53 percent from the previous year.
"Domestic capital continues to dominate M&A activities in China," said Zhao Liang, the director leading PWC's Transactions Strategy team in Beijing.
M&A saw robust growth in the financial services, property, manufacturing and mining sectors, the report stated. It added that during the January-November period, the number of M&A by private equity funds reached more than 140 and were worth 10.6 billion U.S. dollars.
Overseas M&A by Chinese companies were valued at 16.4 billion U.S. dollars, Zhao said.
Source:Xinhua
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