China is set to become Asia's leader in outbound corporate acquisitions this year, ending Japan's two-year reign, as the country's appetite for overseas targets expands beyond natural resources and into areas such as food and banking.China's biggest companies are expected to boost the volume of M&A deals next year as they seek new sources of revenue growth and more global brands to expand their reach into other markets, according to investment bankers.So far this year, Chinese companies have launched $56.2 billion of overseas M&As, led by Shuanghui International Holdings' $7.1 billion purchase of Smithfield Foods Inc. While that is below last year's $62.1 billion tally, it is far ahead of the $40.7 billion of deals done by Japanese firms this year, according to Thomson Reuters data.Energy and power still dominate China's outbound deals in value terms, though their share of overall M&As has fallen to 44.1 percent from 52.3 percent five years ago, the data show. By contrast, the proportion of financials has risen by two-thirds to 14.4 percent.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $38.13. In the past year, the shares have traded as low as $26.95 and as high as $38.73. On average, 866085 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.96% or $0.38/share to $40.11. In the past year, the shares have traded as low as $26.84 and as high as $40.61. On average, 926388 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1545462.
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