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China's outbound mergers and acquisitions, or M&A, will rebound this year, thanks to more clarity on relevant policies and a stronger yuan, according to a report from global accounting firm PricewaterhouseCoopers or PwC.
China's largest State-owned commercial bank by assets will strengthen financial inclusion, ensuring more than one-third of its new corporate loans are issued to small and microenterprises in the next three years, according to the bank's chairman.
China's largest internet security provider, Qihoo 360, said it protected consumers from 1.89 billion nuisance calls in the run-up to Singles Day on Saturday.
China's internet giants including Alibaba Group Holding Ltd and JD.com Inc have ramped up efforts to deploy offline channels as pure-play e-commerce growth starts to stagnate. Alibaba has completed a series of buyouts including retail chain Intime Retail Group Co, while JD backed Yonghui Superstores and announced plans to open 1 million namesake convenient stores in five years.
China's deleveraging push is a long-term and crucial part of the economy's restructuring efforts. This is a welcome and healthy process as long as it's managed carefully, and will upgrade the quality of economic growth for the country going forward. As deleveraging continues, we expect there will be more foreign investment interest and opportunities as investors look more favorably and optimistically on China's fundamental growth outlook. This is of course also positive for Deutsche Bank's business in China, as we are well positioned to help inbound investment into China, given our strength in cross-border work, not just for capital markets, but also in advisory.