Chinese dairy firms set for consolidation boost

As China is pushing ahead with policies to regulate its dairy industry, analysts see opportunities for the large domestic players such as China Mengniu Dairy.

Chinese dairy firms set for consolidation boost
Foreign-made infant formula has been popular in China since the 2008 melamine scandal

Chinese infant formula producers will be the main beneficiaries as Beijing speeds up regulating the industry to boost confidence in local products, according to analysts.

A group of government departments led by the Ministry of Industry and Information Technology submitted the proposals recently to the State Council, with a view to releasing guidance on MA transactions in the dairy industry within two months, according to a research report from Citic Securities this week.

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