China's overseas mergers and acquisitions resources industry accounted for the most

China's overseas mergers and acquisitions, which began to emerge in the financial crisis, have recorded a 2010-year history.　　In the past year, China's overseas investment and acquisition volume reached a record 188, with the largest number of mergers and acquisitions in the United States, according to PwC's 2010 corporate mergers and Acquisitions review and Outlook report (hereinafter referred to as "the report").　　In addition, although the resources industry is still the main direction of China's overseas mergers and acquisitions, Chinese enterprises in mergers and acquisitions began to focus on High-tech industries.　　A record number of acquisitions China's overseas mergers and acquisitions activities in 2008-2009 during the global financial crisis began to "fame", the financial crisis led to the operation of overseas enterprises and financial problems, to have a certain strength of the Chinese enterprises to create opportunities. China's overseas investment activities remained active in 2010. The report shows that China's overseas mergers and acquisitions have reached 188 a year, a record increase of 30% from 2009, and an increase of about $30 billion from 2009 to more than $38 billion trillion.　　In terms of regional distribution, unlike previous resource-rich countries such as Australia, which topped China's overseas mergers and acquisitions destinations, China last year had the largest number of mergers and acquisitions in the United States, with a total of 34 cases a year, compared with only 21 in 2009. Chinese mergers and acquisitions services partner Lu Yubiao said yesterday that many of the reasons for China's largest mergers and acquisitions in the US last year included more opportunities for the United States than other countries after the financial crisis, and that changes in exchange rates made it cheaper to buy dollar assets in renminbi.　　In addition, China and the United States trade closely, more familiar to American companies. The resource industry still accounts for the most. The report shows that the resource industry still dominates China's overseas mergers and acquisitions. 2010, in mining, metals and chemical and other raw materials industry, China's overseas mergers and acquisitions in the number of 67, in all sectors ranked first. China's largest overseas acquisition in the last year, Sinopec's $7.1 billion subscription to the Spanish Repsorbasiz 40%, also took place in the resource industry.　　In this respect, Lu Yubiao analysis said, the resource industry is the largest number of mergers and acquisitions, because China needs to ensure that the supply of resources to maintain sustained economic growth. It is noteworthy that China's overseas mergers and acquisitions are expanding from a single resource sector to other industries, especially in the context of China's domestic economic restructuring and the pursuit of consumption to promote economic development, many Chinese companies began to invest in the overseas mature market of machinery and equipment, automobile manufacturing and other industries, and invest in High-tech industries, To seek the introduction of advanced technology and intellectual property. Data show that the number of mergers and acquisitions in the High-tech sector rose from 11 in 2009 to 24 in 2010.　　"Chinese companies are increasingly focusing on mergers and acquisitions of High-tech industries overseas, and Chinese buyers are hoping to promote economic growth by introducing high technology," said Li Ming, a partner at PwC, a corporate mergers and acquisitions company, in the past year. Overseas mergers and acquisitions will also climb to new heights for this year's Chinese mergers and acquisitions, PwC predicts that China-related mergers and acquisitions will continueBooming, in which China's overseas mergers and acquisitions will continue to refresh its record. "China's overseas mergers and acquisitions are still at an early stage, Chinese enterprises are gradually strengthening their competitiveness, and have the ability to ' go ' to absorb poorly-managed foreign companies," Li Ming said, because China's new five-year plan will be in many ways to promote China's overseas mergers and acquisitions, These include: the integration and restructuring of domestic industries, the optimization of the use of foreign investment and the accelerated implementation of the "go out" strategy.　　At the same time, China's demand for resources, the introduction of High-tech technology and the accumulation of domestic enterprises ' overseas mergers and acquisitions will further promote the development of China's overseas mergers and acquisitions.　　In addition, PwC predicts that private-equity funds may have a place in China's overseas mergers and acquisitions as partners in overseas mergers and acquisitions, as policymakers have recognized the importance of private equity funds and venture capital funds as providers, especially for private enterprises. Foreign investors return to China the report shows that, in the past year, foreign investors have also begun to return to the Chinese market, in addition to the activity of China's overseas mergers and acquisitions, which are growing much closer to pre-crisis levels.　　In 2010, the number of foreign investors in China's mergers and acquisitions increased by 32% to 539, and the amount grew by 61% to $17 billion. "China's economy is a global bright spot, the consumer market is a huge potential, so global investors who have been slow in the financial crisis are looking at China," Li Ming predicts, "overseas investors will mobilize more resources to come to China, and some of the pending financial crisis will restart investment in China, The investment will focus on the High-tech industry and related industries benefiting from China's domestic consumption growth.　　However, Li Ming cautioned that China needs to pay attention to how to control the capital bubble, although overseas funds will promote China's economic development, but some foreign funds into the Chinese asset market is noteworthy. In 2010, China's mergers and acquisitions (including domestic mergers and acquisitions, mergers and acquisitions by foreign companies and overseas mergers and acquisitions by Chinese companies) reached a record 4251.　　China's sustained strong economic growth and industry integration have become an important driver of the rapid growth of mergers and acquisitions.　　The report shows that domestic strategic investor mergers and acquisitions are still the largest component of China's mergers and acquisitions, with 2010 transactions reached 2947, an increase of 6%, the amount reached 131 billion U.S. dollars, an increase of 41%. Paying special attention to Chinese enterprises ' overseas mergers and acquisitions spending more "than competitors, they often need to spend more effort in overseas mergers and acquisitions," Li Ming admits, "a British company that buys American companies is not the same as a Chinese company buying US companies." "Whether Chinese enterprises encounter unfair treatment in the mergers and acquisitions activities of developed countries such as the US is the focus of the industry." In this regard, PwC said that in the government's approval, Chinese companies and other competitors to go the same process,However, compared with other competitors, Chinese companies have to pay more for the human and time costs.　　Compared with other mature competitors, Chinese enterprises, after all, are the successor of overseas mergers and acquisitions, not only have less experience, and not be familiar with the industry, so need to do more preparation, communication and public relations work. The problem of Chinese enterprises ' overseas investment floating losses has also been paid close attention recently. On this issue, Lu Yubiao that the overseas mergers and acquisitions of Chinese enterprises are mostly strategic mergers and acquisitions rather than financial investments seeking short-term benefits, so whether a merger is successful or not is not based on the results of one or two years, and it is imperative that Chinese enterprises "go out".