Chinese increase share of US deals

China was the fourth-largest deal maker in the United States over the past year, up from sixth at the same stage in 2014, according to a new cross-border merger-and-acquisition index launched by the US law firm Baker & McKenzie.

During the first three quarters of this year, the US accounted for the highest number of M&As by Chinese mainland buyers - 46 deals worth $13.57 billion.

Hong Kong was the second most popular target market in terms of value, worth a total $12.46 billion, followed by Italy ($8.97 billion), Ireland ($7.34 billion), Bermuda ($4.07 billion), Switzerland ($4.023 billion), and Australia ($2.87 billion).