Chinese M&A expanding despite global slowdown
Date: September 26, 2008
FOR IMMEDIATE RELEASE
Chinese M&A expanding despite global slowdown
SHANGHAI, HONG KONG – SEPTEMBER 16, 2008 – Mergers and acquisitions is a burgeoning industry in China. In the past year Chinese state-owned entities have successfully acquired minority interests in foreign banks and other financial institutions, and not all as a result of the credit crunch. Meanwhile, at home, a fair number of domestic deals have also been made, with the flurry of activity in the restructuring telecom industry arguably being the most notable. Financial news headlines around the world may be bemoaning a global slowdown, but Chinese M&A is definitely alive, well and expanding. Against this backdrop, the AVCJ China M&A Forum will get under way in Shanghai on September 17, 2008.
The two-day event at the Grand Hyatt in Pudong will examine the latest M&A transactions and secular and structural trends that have been driving the deals. The AVCJ Forum will also hone in on the underlying issues that are affecting the present and future M&A opportunities for Chinese financial and strategic acquirers. While the most successful deal to date remains the 2005 Lenovo acquisition of IBM’s PC business, for example, the question remains as to why other bids, such as Huawei’s offer for 3Com and CNOOC’s for Unocol, have fallen prey to protectionist hurdles overseas and how these can be overcome in the future.
Lu Hongjun, President and Professor of PCEC Shanghai Institute of International Finance, is scheduled to deliver the forum’s opening keynote address. Lu’s many published articles and papers led to his recognition by UN institutes for his contribution to human resources development, an increasingly important and challenging area in China’s fast growing economy. He heads a stellar list of speakers, which will include participation from such notable corporations as Caterpillar, Tyson Foods, The Jordan Company and China National Foreign Trade Transportation. Leading financial acquirers and investment banks will also lend their expertise to panel discussions, including Merrill Lynch, Bain Capital, Standard Chartered Bank and JPMorgan, as well as local stalwarts Capital Today and China International Capital Corporation (CICC).
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“The opportunities for outbound and domestic M&A are tremendous as China continues to move its economy forward,” says Allen Lee, publisher of AVCJ. Speaking ahead of the conference, Lee noted that cash-rich Chinese enterprises are now looking to acquire assets to consolidate their leading market positions. These companies are joined by private equity firms and foreign conglomerates who continue to see China as a growth opportunity. “Our 2008 China M&A Forum will bring together some of the most active and influential dealmakers to discuss timely topics affecting M&A in China and elsewhere,” continues Lee. “This is a once-a-year occasion for buyers, sellers and advisers to share their thoughts about the market.”
Complete details of the conference can be found at www.AVCJChinaMAforum.com.
About AVCJ Group
AVCJ Group is the leading source of information on Asian private equity, venture capital and mergers and acquisitions. A wholly-owned subsidiary of Incisive Media, AVCJ’s stable of journals includes Asian Venture Capital Journal, Private Equity Asia and Asian Venture Capital Journal (Chinese edition). The Group also maintains the most comprehensive database on Asian private equity and M&A transactions, and publishes a variety of annual directories, pan-Asian industry reviews and regional reports.
AVCJ Group is also the organiser of the AVCJ Private Equity & Venture Forum conference series. In 2008 the AVCJ Private Equity & Venture Forum convenes in Sydney, Tokyo, Abu Dhabi, Taipei, Beijing, New York, Seoul, Shanghai, Kuala Lumpur, Hong Kong, Mumbai and London, attracting dealmakers on a regional and global basis throughout the year. Since its first gathering more than 20 years ago, the AVCJ Private Equity & Venture Forum has grown to become the meeting place for Asian private equity and venture investors, fund managers, corporate executives and financial professionals. For more information, please visit www.avcj.com.
Contact
Ms. Joann Yip Ms. Ying Jiang
AVCJ Group, Hong Kong AVCJ Group, Beijing
+(852) 3411 4937 +(86) (10) 5869 1196
Source: AVCJ Group
