HONG KONG: The value of Chinese overseas merger-and-acquisition (M&A) deals jumped in the third quarter after several large transactions, and dealmakers expect continued momentum as recovering economic fundamentals damp the need for restrictions on capital outflows. Overseas deals this year by Asia-Pacific's most active buyers reached $118 billion at September-end, nearly half of which were announced in the past three months, Thomson Reuters data showed on Friday. Such was the buying that China's government began placing restrictions on overseas deals to stop huge outflows of funds destabilising the yuan. As such, investors are scouting for deals in anticipation of the government relaxing restrictions on overseas M&As, bankers and dealmakers told Reuters. Steps toward curbing overseas deal activity have varied.

Source: New Strait Times September 29, 2017 01:30 UTC