CICC to grow M&A team amid China's buying spree

China's first joint-venture investment bank looks to expand its mergers and acquisitions franchise abroad to feed the nation's insatiable appetite for big-name purchases.

China International Capital Corp CICC is looking to expand its mergers acquisition franchise abroad to help feed China’s growing appetite for overseas assets, which has seen billions splurged on buying big-name companies.

China’s outbound MA reached $135 billion in the first half of 2016, already surpassing the record  $107 billion for the whole of last year, according to data provider Dealogic. Meanwhile, 401 deals were announced in the first six months of 2016, up from 265 in the same period last year, making it the most active half year on record, Dealogic data shows.

Deep-pocketed Chinese investors are keen to chase global assets,...

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