Record year for China’s megadeals

China’s record-breaking demand for Western companies has topped $206 billion so far this year, as major American and European companies are strategically being bought up by Chinese enterprises

Europe North America Asia Pacific Rest of world

$ billions 200 150 100 50 0

07 08 09 10 11 12 13 14 15 16

2007-13: Deals dominated by China’s SOEs (state-owned enterprises) buying commodities companies – iron ore in Australia, copper mines in Africa – and energy producers, including Canada’s Nexen Inc. for $14.3 billion in 2012

2014-16: SOEs buy chipmakers, consumer companies and agribusiness, including ChemChina’s attempted $44bn takeover of Swiss-based Syngenta 

$19.3bn $54.5bn $68.4bn $111.5bn $206.6bn (Jan-Sep)

China’s 10 biggest SOEs Assets Revenue (2014)

1. Sinopec $223.7 billion $457.2bn 

2. China National Petroleum $595 billion $432.0bn

3. State Grid Corporation $478.6 billion $333.4bn

4. Industrial and Commercial Bank $3.4 trillion $148.8bn 

5. China Construction Bank $2.8 trillion $125.4bn

6. Agricultural Bank of China $2.7 trillion $115.4bn

7. China State Construction Eng. $166.3 billion $110.8bn

8. China Mobile $219.9 billion $107.6bn

9. Bank of China $2.6 trillion $105.6bn

10. Noble Group $3.3 billion $97.9bn

Sources: Bloomberg, Financial Times, Forbes, Fortune Global 500