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China M&A Round-Up
Cross-border investment trends
Whether actively pursuing overseas acquisitions or just keeping tabs on the competition, global executives will find this review of China-related cross-border M&A activity to be a valuable tool for staying on top of one of the world’s most dynamic deal environments.
What’s the Deal?
A regular column published by the US Chinese Services Group as part of China M&A Round-Up, featuring insight on topics related to the impact and direction of China cross-border M&A trends.
The Chinese yuan: Where are the goalposts?
The Chinese yuan turned a corner in its exchange value with the US$, a shift to depreciation against the USD that began in mid-April of this year, accelerated in mid-June, and at present has seen the yuan weaken from a 52 week peak USD value of 6.24 to the 6.7 range, where it has hovered for about a week. The near term direction remains unclear, but it can be useful to consider some of the forces at play from both regulators and markets. The exchange value of the yuan, especially in today’s turbulent global financial flows, is critically important to MNC executives, regardless of their sector and business activity in China. It influences both the buying power, external debt capacity, and hard currency exchange policy on the Mainland that is necessary for Chinese overseas M&A.
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