Spotlight shines on outbound M&A

Chinese insurers are making overseas investments for steady returns and to prevent exchange rate risks, experts said.

Chinese outbound mergers and acquisitions hit a record 493 deals worth $134.3 billion in the first half, according to a PricewaterhouseCoopers report in August.

"The dramatic growth in outbound M& A deals is supported by the rise of alternative financial investors, such as the investment arms of insurers, large corporations and State-owned enterprises," said George Lu, PwC China transaction services partner.