盡管美國(guó)并購(gòu)交易額較去年同比上升47%,但美國(guó)對(duì)中國(guó)公司的收購(gòu)似乎已跌入谷底,,截至目前已跌至6.11億美元,,而去年的這個(gè)時(shí)候這一數(shù)字是23億美元,這也創(chuàng)造了12年來(lái)的最低水平,,Dealogic表示,。
問(wèn)題的部分原因是缺乏大額(超過(guò)5億美元)的交易。報(bào)告顯示,,到目前為止今年還沒(méi)有出現(xiàn)這種規(guī)模的交易,,而去年,同期已經(jīng)有兩個(gè)這樣的交易,,價(jià)值13億美金,。
但這不僅僅是美國(guó)的問(wèn)題:今年中國(guó)的入境并購(gòu)交易額迄今為止相比去年也少了10%。在“交易活動(dòng)”的基礎(chǔ)上,,情況更為嚴(yán)峻的:只有271項(xiàng)協(xié)議用來(lái)今年購(gòu)買(mǎi)中國(guó)公司,,使得中國(guó)從國(guó)外并購(gòu)出現(xiàn)從2003年以來(lái)最弱的時(shí)期,來(lái)自Dealogic的報(bào)告,。
雖然Dealogic的數(shù)據(jù)沒(méi)有提供對(duì)在收購(gòu)美國(guó)公司到中國(guó)驟降的原因,,但同時(shí)指出,中國(guó)醫(yī)療保健公司的交易值下跌,,從去年的11億美元到今年迄今為止的3000萬(wàn)美元,。
報(bào)告說(shuō),化工部門(mén)卻第一次成為美國(guó)歷史上有記錄以來(lái)購(gòu)買(mǎi)最有針對(duì)性的行業(yè),。
就是說(shuō),,并購(gòu)活動(dòng)的下降似乎預(yù)示著更大趨勢(shì)的外國(guó)資金對(duì)中國(guó)的流動(dòng)凍結(jié),根據(jù)星期一公布的數(shù)據(jù)顯示,,七月外國(guó)直接投資相較去年同期驟降17%,。
U.S. companies, and really companies all around the world, are losing interest in buying up their Chinese counterparts, according to a Dealogic report out Friday.
Even as U.S. mergers and acquisitions volume abroad is up 47% year-to-date, American purchases of Chinese companies seem to have fallen off a cliff, dropping to just $611 million so far in 2014, down from $2.3 billion at this time last year, and marking the lowest level in 12 years, Dealogic said.
Part of the problem involves a lack of big ($500 million or more) deals. The report showed no transactions of that size so far this year, while last year, there were already two such deals worth a combined $1.3 billion.
But it’s not just a U.S. issue: China’s total inbound M&A volume year-to-date is 10% less than it was at this time in 2013. And on a “deal activity” basis, the situation is even more stark: There have been just 271 agreements to buy Chinese companies this year, making Chinese M&A from abroad the weakest it’s been since 2003, Dealogic reported.
Although Dealogic didn’t offer a reason for the sudden chill in U.S. acquisitions into China, it did note that deals for Chinese health-care firms plunged from last year — $30 million year-to-date compared to $1.1 billion at this point in 2013.
The chemicals sector, meanwhile, became the most-targeted industry for U.S. purchases for the first time on record, the report said.
That said, the dro-off in mergers activity appears to be part of a larger trend of foreign money cooling to China. Data out Monday showed foreign direct investment plummeting 17% in July from a year earlier.