News

Policy changes cut China’s foreign purchases in 2017

Mergers_and_aquisitionsChanges in official policy guidance contributed to an 11% fall in Chinese merger and acquisition (M&A) activity last year. The value of outbound M&A deals fell especially sharply as policymakers sought to discourage the purchase of trophy assets, according to research by consultancy PwC. “There were fewer mega-deals, with access to foreign currency an issue for many buyers, and overseas regulators also had some impact on deal activity,” said the report As a result of these factors, the value of outbound M&A deals fell from a record $209 billion in 2016 to $121 billion last year, according to data from ThomsonReuters, ChinaVenture and PwC’s own analysts. The consultancy said M&A activity was likely to increase in the first half of this year due to new rules issued at the end of December that would streamline administrative procedures for outbound investment. However, the report also said that investment in non-strategic or passive assets in sectors such as sports, entertainment and real estate would continue to decline. ©2018 funds global asia

Executive Interviews

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

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Dec 12, 2017

An acquisition has increased the visibility of Natixis investment managers in Australia. George Mitton talks to its local chief executive.

Roundtables

SINGAPORE ROUNDTABLE: Small nation, big ambitions

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Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.

REAL ESTATE ROUNDTABLE: In search of a home

Jul 17, 2017

From Korean warehouses to Chinese hospitals, investors’ holding periods are growing in Asia. But in a market awash with liquidity, so is competition for assets. Our panel in Hong Kong discuss real estate investment.