An Analysis of Short-Term Performance of UK Cross-Border Mergers and Acquisitions by Chinese Listed Companies
Chinese Outbound Investments into US (2004-2012)
Petter N. Kolm, Corant Institute, New York University, and the Heimdall Group, LLC New York, United States Henry T. Tillman, Chairman and Chief Executive Officer, Grisons Peak LLP, London, United Kingdom (Views set forth in this document are the views of the authors and not necessarily of their respective institutions)
This study analyses Chinese outbound investment into the US since 2004, the year when the Chinese made their initial major acquisition of a US owned organisation. The empirical data is from 2004-2011 inclusive, and extends across M&A/equity investments as well as major Bank Loans and major Trade Agreements. The data has been assembled solely from public sources, and in many cases, from the Grisons Peak China Outbound database.
In this study, we posit that there are three distinctive stages of Chinese outbound investments into the US:
2004-2006 – Initial Phase
2007-2009 – Financial Services brands via Equity/Funds Investments
Post Financial Crisis – A Shift to Trade Agreements
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