August 8, 10:53 am | By Jialin Tang Chinese overseas M&A-When next? Where next? Who next? "SHANGHAI- "While the CNOOC-Nexen deal is heatedly underway, Chinese domestic experts gathered for a seminar focused on the future outlook of overseas M&A for Chinese enterprises last Saturday. The seminar was held in Fudan University by the 21st Century Media Group, Fudan Premium Fund Management and China Mergers & Acquisitions Association. The past year has seen a surging volume of deals taking place in China's overseas M&A sector. Deals hit a record count of 207 cases, totaling to $42.9 billion. The seminar indicated M&A is highly expected to be one of the two main factors (the other being technological innovation) promoting global economic growth in the future. Experts at the seminar unanimously agreed that now is a good time to make overseas purchases. Industry leaders, especially those with a strong wish to enter the domestic market are among priority choices. Moreover, potential deals should be picked based on their chances of being settled in months rather than years and those which already have a presence in China and are capable of achieving growth quickly. Consumer goods, financial services , industrial services and energy resources are regarded as the 4 main target sectors of the M&A trend. Deals in the first three sectors may mainly concentrate in Europe and the U.S while deals in the energy sector are expected to be more in Australia and Canada." No Africa?
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