Case studies

Integrating China into the global economy through landmark M&As and three decades of IPOs


Since the 1980’s, Deloitte China has supported more than 500 IPOs globally, helping companies to raise over US$130 billion in proceeds. Since 2009, we have been the IPO market leader, serving the largest number of companies listed on the Hong Kong Stock Exchange.

We help companies to fund and implement their global expansion plans, both China inbound and outbound. In so doing, we help to grow the global economy.

Through the listing process, we help Chinese companies to adopt world class best practices in transparency, management, and corporate governance.

Our work supports the transformation of China’s capital markets and the integration of China into the global economy, and contributes to employment and economic growth in the world.

Mergers and Acquisitions

In 2010, Geely's acquisition of Volvo was the first overseas acquisition by a Chinese Mainland private auto manufacturer. In 2011, Cereals, Oils and Foodstuffs Corporation (COFCO), China's largest food processing, manufacturer and trader acquired Tully Sugar, one of Australia's largest sugar mills. Bright Food and Dairy Co. Ltd.'s acquisition in 2012 of Weetabix became the largest M&A deal ever by a Chinese Mainland company at that time.

Shuanghui, China's largest meat processor, acquired Smithfield, the world's largest pork processor, marking the biggest Chinese takeover of an American company as of 2013. In the same year, State Grid Corporation of China, the world's biggest state utility, acquired Australian power companies, SP AusNet and SPI Australia, making this the largest ever outbound investment by China's power and infrastructure sector. In 2014, Lenovo, the world's largest personal computer maker, announced its acquisition of Motorola Mobility from Google Inc., making it one of the world's top three and China's largest smartphone supplier.

Photo caption: A collection of Hong Kong IPO for the five years to 2013 for which Deloitte served as reporting accountants

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