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Foreign companies on China M&A deal spree as Beijing further opens up financial, auto sectors

Wall Street banks and carmakers led foreign companies into China this year as the government eased ownership limits and economic recovery hopes grew. Chinese investors, bothered by greater scrutiny overseas, simply flexed their financial power at home.Inbound mergers and acquisitions (M&A) reached US$13.4 billion this year through June 19, versus US$12.5 billion of outbound deals, according to data provider Refinitiv. This would be the second straight year the scale is tipped at half-year mark…

Read the original article at South China Morning Post

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