Outbound M&A deals reach historic high

The volume and value of Chinese outbound M&A deals reached a historic high in the first quarter of the year, according to a report from PricewaterhouseCoopers, while the "Belt and Road Initiative" is likely to bring new merger and acquisition opportunities for enterprises in years to come.

The study said 77 Chinese mainland outbound deals were signed in the first three months, worth $20.2 billion.

"Easy monetary policies, low interest rates and a significant surge in the Chinese stock market also helped drive deals," said Guo Wei, PwC's China transaction service partner.