Business Activities News
- Wide growth seen in China M&As
Date: 26-Apr-2007 Sources: (Shenzhen Daily)
LEHMANBROWN International, a China-focused international accounting and business advisory firm, expects further robust growth in China mergers and acquisitions (M&As) as a result of favorable policy positions and increasing market maturity.
A press release by the company said yesterday that China-related M&A activities are expected to increase their already robust growth in the coming months. These activities, stoked by market-friendly policies and sustained polularity of Chinese assets abroad, should make 2007 the richest M&A year in Chinese history.
The firm's forecasts also predict 2007 to reach record highs in outbound M&A business as well, in neighboring regions of Asia and especially in Hong Kong.
LehmanBrown managing partner Russell Brown explained that the primary reasons behind both the outbound and inbound M&A surges are more competitive domestic markets and sustained liberalizing practices from the government with respect to the former State-owned sector.
Brown also said China is still a powerful lure overseas. 'Buying into relatively inexpensive China assets is today more popular than ever for firms outside China. The government and its reform initiatives deserve great credit for sustaining market interest,'he said.
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