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Chinese Firms Are Deep in an Overseas Shopping Frenzy

  • Listed companies announce $8.6 billion acquisitions this month
  • Outbound deal flow on track to overtake last year's record
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Merger Mania: Why Chinese Firms Are Buying U.S. Assets

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China’s listed firms are in the midst of their biggest-ever overseas shopping spree, taking advantage of a wide and attractive valuation gap between domestic shares and foreign assets.

Haier Group Corp. said last week it will use its publicly-traded arm in Shanghai to acquire General Electric Co.’s home-appliance business for $5.4 billion, pushing outbound deals from the nation’s listed companies to $8.6 billion so far this year. The Chinese stock market rout this month hasn’t slowed the volume of foreign acquisitions, which has already reached one-third of last year’s record tally, according to data compiled by Bloomberg.