US law firm sees Chinese M&A abroad rebounding on B

A rebound in Chinese companies' overseas mergers and acquisitions is on the horizon, thanks to the implementation of the Belt and Road Initiative, according to Baker McKenzie, a Chicago-based multinational law firm.

Cross-border M&As by Chinese companies had slowed during the first half of this year due to regulatory tightening.

Paul Rawlinson, global chair, Baker McKenzie, who is on a visit to Beijing, said on Wednesday, "We are quite confident that despite the short-term financial constraints on doing deals, the underlying drivers for doing deals and business opportunities are real, and we are already starting to see a pickup in M&A activity."