China’s mergers and acquisitions got off to a good start in January with a 79.7 percent annualized leap in M&A deals, according to ChinaVenture.

The value of the 431 M&A deals announced last month jumped to 41.3 billion U.S. dollars, ChinaVenture said in a research report.

Meanwhile, 94 M&A deals were completed last month, down 57.7 percent year on year, but the value climbed 14.4 percent to 10.9 billion U.S. dollars.

The manufacturing, financial and Internet industries are the top three sources of completed deals.

The merger of Hong Yuan Securities with Shenyin & Wanguo Securities was the largest deal with a value of 39.6 billion yuan (6.3 billion U.S. dollars).

h/t Xinhua



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