China SOE reforms could be M&A El Dorado

“The broad reorganization of ownership structures in China is a major source of potential deal activity,” Stephen Gore, head of Asia-Pacific mergers & acquisitions at Bank of America Merrill Lynch, told
In addition, Citic group injected $36 billion worth of assets into Hong Kong-listed Citic Pacific in April while in July Chinese officials named healthcare giant Sinopharm and China National Building Materials among the next wave of SOEs
China’s reform programme comes at a time when M&A markets globally are seeing a resurgence of jumbo transactions thanks to low interest rates and cheap funding and to easing economic worries. This has put companies into deal-making mode.