A good year for M&A in China

Last year saw record levels of activity in China's mergers and acquisitions. According to ChinaVenture Group, 9,700 deals were announced in the Chinese M&A market last year. Their deal value was $709.4 billion, up 78.1 percent year-on-year.

And 4,156 deals were closed in 2015 with total deal value of $316.1 billion, up 56.4 percent year-on-year.

Deals-wise, manufacturing, information technology, energy and mining were the most active sectors in 2015. In terms of deal value, however, real estate, transportation and telecommunications were the top three sectors.