Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (36792)	7/31/2003 3:54:53 PM
From: RealMuLan	Read Replies (1) of 74559

China's burgeoning M&A market poised for growth Reuters Hong Kong, July 31 The flow of corporate mergers and acquisitions in China is set for a boost from cross-border natural resource tie-ups, helping to kick-start deal activity in the country, a top JP Morgan banker said on Thursday. China has been a laggard in Asian corporate deals this year, but JP Morgan's head of China mergers and acquisitions (M&A), Liang Meng sees the market picking up as the country's companies explore opportunities at home and abroad. "For example, we are going to see the trend of Chinese metal and mining companies going overseas to buy the mines and apply their own proprietary technology," Meng told Reuters from the bank's sleek and art-bedecked offices in central Hong Kong. To date, much of the outbound M&A from China has been in the oil sector, with top offshore producer CNOOC Ltd especially active. hindustantimes.com

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