In the Chinese financial services industry, there were 20 M&A deals announced in Q2 2023, worth a total value of $1.2bn, according to GlobalData’s Deals Database. The $686.1m acquisition of laizhou zhongjin gold mining by zhongjin gold was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in China increased by 22% in Q2 2023 compared with the previous quarter’s total of $985.7m and fell by 21% as compared to Q2 2022. Related deal volume increased by 18% in Q2 2023 versus the previous quarter and was 54% higher than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in China in Q2 2023 were APAC Asset Valuation & Consulting; Crowe (HK) CPA; lego corporate finance with 2, 2, 2 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.