China to stem 'irrational' outbound M&A: regulators

Chinese regulators are toughening their stance on outbound M&A after a record year of deals.

China to stem 'irrational' outbound M&A: regulators

Chinese companies have been on a buying spree this year, pushing outbound MA volumes to record levels. But some of these deals have left bankers scratching their heads, appearing motivated less by strategic imperatives and more by an abundance of liquidity and a willingness to buy almost anything.

The Chinese government has clearly noticed. On Tuesday evening, four major regulators offered a subtle confirmation that they were clamping down on “irregular” offshore purchases.

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