China is embarking on its own path to globalization and increasing its presence in international markets as it continues to evolve its companies and society.
China is the largest M&A market in Asia. The China M&A Association provides the research, experience and the guanxi necessary to help deals move forward. With clubs in five cities, each headed by a prominent local official and members taken from the top five players in any given field, the China M&A Association is a positive catalyst and resource to change China for the better. Mr Wang says:
For decades international investors have grown their businesses in China both organically and by mergers and acquisitions. In 2009, Coca-Cola and Huiyuan, China’s largest juice company, agreed to combine. If consummated, it would have been the largest foreign acquisition of a Chinese company in history. The Chinese regulatory authority blocked the deal as having an anti-competitive impact on the market. Executives at both Coca-Cola and Huiyuan, and many professional financial and strategic investors, were shocked.