CICC's Angelov on China's M&A Outlook

The video discusses the trends in China's cross-border money flow, highlighting a significant increase in inbound transactions. It explores the factors driving this change, including China's opening up and a shift towards a more rational and diversified M&A environment. The discussion also covers the return to a new normality, with a focus on asset disposals and the drivers behind them, such as deleveraging and financial returns. Despite regulatory concerns, inbound M&A is rising, with multinationals showing strong interest in China.

What was the peak value of China's cross-border money flow in 2016?

• 60 billion U.S. dollars

• 250 billion U.S. dollars

• 150 billion U.S. dollars

• 80 billion U.S. dollars

What is the new trend in China's M&A environment?

• An increase in regulatory restrictions

• A decrease in multinational transactions

• A more rational and diversified approach

• A focus on outbound acquisitions

What is one of the primary drivers for the disposal of foreign assets by Chinese companies?

• Increased acquisitions

• Regulatory relaxation

• Financial distress

• Diversification

Despite regulatory concerns, what is the trend in inbound M&A in China?

• A shift to outbound M&A

• A decline in multinational interest

• A rise to new heights

• Stagnation in M&A activities

What is a key consideration for Chinese companies when exiting deals?

• Increasing financial distress

• Locking in financial returns

• Avoiding regulatory compliance

• Expanding into new markets