Pub K
Focus of China Cross-Border M&A Turns to Government-Favored Sectors and Away From West
Skadden – China’s cross-border M&A market continued to face strong headwinds in 2022, with a slowing economy and new COVID-19 restrictions weighing on the market. There have been fewer outbound and inbound transactions, with total deal value at a multiyear low, and financial buyers accounting for a sizable portion of that value. And volatile public equity prices and increasing regulatory scrutiny of sectors such as technology, internet, critical resources, gaming and education have led to fewer megadeals.