Chinese outbound foreign direct investment (OFDI) has veered towards Europe over North America in the first six months of the year, a report showed on Monday.

The value of newly announced Chinese mergers and acquisitions in Europe reached 22 billion US dollars, far exceeding the 2.5 billion US dollars of M&A in North America, according to research from global law firm Baker McKenzie and independent research provider Rhodium Group.

The value of completed Chinese investments was five times higher in Europe than in North America, the report showed.

“Regulatory hurdles remain lower, political relations are more predictable and Europe offers a great base for industrial high-tech assets, which is a good match with Chinese regulators' outbound investment priorities,” said Thilo Hanemann, director of Rhodium Group's cross-border investment practice. 

(APP)

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