Report: Outbound M&As set to pick up pace in coming months

Outbound mergers and acquisitions by Chinese companies grew at a much smaller pace than the growth in deal volume, which hit a high of $177 billion in China during the first six months of this year, according to figures from global news agency Thomson Reuters.

The total value of announced M&A deals involving Chinese companies grew by 47.4 percent on a year-on-year basis, during the first six months. However, in the same period, the total value of China's outbound mergers and acquisitions dropped by 21.6 percent to $25 billion.

The energy and power sector accounted for most of the outbound M&A activities, with an 18.6 percent market share worth $4.7 billion during the first half, a 65.3 percent decline from the corresponding period in 2013.