Outbound M&As focus on tech, consumer companies

China's outbound mergers and acquisitions reached $96 billion in the first four months of 2016, far surpassing the total 2015 transaction volume of $59 billion and representing more than a fivefold increase from the first four months of last year, said a report released by JPMorgan Chase & Co on Tuesday.

The surge was partly driven by China National Chemical Corp's planned $46.4 billion acquisition of Swiss pesticide giant Syngenta AG.

The country's total M&A transaction volume nearly tripled from $259 billion in 2013 to $735 billion in 2015, accounting for half of the Asia-Pacific M&A volume and 15 percent of global volume last year, according to the report.