Domestic merger cases amount to US$50 bln in first 11 months_财经新闻

Domestic merger cases amount to US$50 bln in first 11 months

文章来源：文章作者：发布时间：2007-12-20 06:26 字体： [大中小]　进入论坛

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Chinanews, Beijing, Dec. 20 – During the first eleven months of this year, the number of merging¹ cases among Chinese domestic companies has grown rapidly. Transaction volume of domestic merging cases was twice the amount of foreign merging cases, according to a report issued by PricewaterhouseCoopers on Tuesday.

From January to November, the total number of merging cases in China (excluding transaction deals at overseas markets) increased by 18% to reach well over 1,700. Transaction volume of these cases increased by 25% to exceed 80 billion US dollars. Of these, there were 987 domestic merging cases, increasing by 45%, and domestic transaction deals increased by 53% to reach 50.6 billion US dollars, said the report.

Since 2006, more merging cases has taken place among domestic companies, while previously², most merging cases were led by foreign companies.

Business trend, excessive liquidity³ and government support have led to the fast increase of domestic merging deals, said Xie Tao, a business partner of PricewaterhouseCoopers.

Since last year, more and more domestic companies have sought to merge⁴ with their counterparts in order to expand their business scale and to explore new markets. The well-developed Chinese economy has further boosted these merging activities. At the same time, there has occurred excessive liquidity in the market as prompted by the rising stock index, excessive equity⁵ fund and increasing bank loans. The government has also encouraged state-owned companies to take a leading role in merging activities, Xie said.

The report shows that by the end of November this year, the transaction volume of Chinese companies’ merging cases at overseas markets reached 16.4 billion US dollars, doubling last year’s number. Of these, the Industrial and Commercial Bank of China invested 5.4 billion US dollars in the Standard Bank of South Africa, the State Development Bank spent 3 billion US dollars to invest in Barclays Capital of Britain and China Investment Corporation spent 3 billion US dollars in the Blackstone Group.

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1 merging
合并（分类）
参考例句：
Many companies continued to grow by merging with or buying competing firms. 许多公司通过合并或收买竞争对手的公司而不断扩大。来自英汉非文学 - 政府文件 To sequence by repeated splitting and merging. 用反复分开和合并的方法进行的排序。

2 previously
adv.以前，先前（地）
参考例句：
The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。 Let me digress for a moment and explain what had happened previously.让我岔开一会儿，解释原先发生了什么。

3 liquidity
n.流动性，偿债能力，流动资产
参考例句：
The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。 The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。

4 merge
v.(使)结合，(使)合并，(使)合为一体
参考例句：
I can merge my two small businesses into a large one.我可以将我的两家小商店合并为一家大商行。 The directors have decided to merge the two small firms together.董事们已决定把这两家小商号归并起来。

5 equity
n.公正，公平，（无固定利息的）股票
参考例句：
They shared the work of the house with equity.他们公平地分担家务。 To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

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