World Wide Web Roundup] "Wall Street Journal" Web site June

World Wide Web Roundup] "Wall Street Journal" Web site June 8 Beijing reported that according to a report released by a private investment firm, in the first quarter of this year, China's total overseas investment surged to $ 21.4 billion. The reason for this growth in Chinese state-owned enterprises in the worldwide race to acquire resource assets.

According to the Asia-Europe Joint Capital Group (A Capital) estimated China's total overseas investment more than doubled to $ 1.4 billion a year earlier. This figure includes mergers and acquisitions as well as the so-called "greenfield" investment, new factories and facilities. Asia-Europe Joint Capital Group, with offices in Beijing, Paris, together with the China Investment Corporation to invest in European companies.

Last year, the Asia-Europe Joint Capital Group found some of the new trend of China's overseas investment, such as overseas investment of private enterprises have been expanding. However, A Capital in the report, in a volatile market due to China's state-owned enterprises are given priority in the state-controlled banks to obtain financing, and therefore easier to deal. The first quarter of the state-owned enterprises in overseas investments dominate, this situation shows in volatile markets and fierce competition on quality assets, private companies want to seize the investment opportunities will be more difficult. "

The first quarter of this year, China's overseas investment or a more traditional mode of state-owned enterprises, such as South America and Africa, investment in energy and resource companies.

The report also shows that the enthusiasm due to the continuing debt crisis in Europe the market value of depression bring investment opportunities to Chinese companies, the investment of Chinese enterprises in Europe since last year continues to climb.

According to the Asia-Europe Joint Capital Group quarter Dragon Index (the Index of Dragon is a measure of Chinese ODI percentage of GDP growth indicators, the aim is to track Bluetooth Keyboard China's accession to the WTO in 2001 after the economic globalization speeds, the index opened in 2010.), China Overseas The investment is estimated that foreign investment in the first quarter of 2012 Chinese state-owned enterprises accounted for 98 percent of China's total overseas investment and a sharp rise from 53 percent in the same period last year, setting a new high. Investment of resources and energy accounted for 92% of the total investment of 24% is much higher than the same period last year.

South America is the first choice for the first quarter of this year, Chinese overseas investment, which accounted for 43 percent of China's state-owned enterprises overseas mergers and acquisitions.

The largest single investment for the quarter and Chemical Corporation to spend $ 5.16 billion acquisition of 30% of the shares belonging to Portugal, Galp Energia (Galp Energia SA) Brazil oil (Petrogal Brasil). The deal highlights a new trend of China's non-controlling transactions. Asia-Europe Joint Capital Group will deal count towards Chinese investment in Latin America rather than Europe.

Europe is China's second largest investment destination, accounting for 16% of the China Overseas M & A fell 37%, but this decline was mainly due to China's growing investment focus on the resources industry.

China a quarter of European investment accounted for 83% of the total M & A transactions in non-resource. Reported that Chinese investors are convinced that Europe is an important strategic investment market.

Chinese sovereign wealth fund China Investment GmbH has acquired the UK public utility company Thames Water (Thames Water) 8.7% of the shares, which is one of China's largest investment in Europe. This transaction size has never been disclosed, but the joint Asia-Europe Capital Group estimates that the transaction will total $ 779 million.

Recently announced two of its European large-scale investment has not been completed, have not been calculated to within the Long Index. These investments are: (600031.SH +1.97%) acquisition of the German manufacturer Putzmeister Co., Ltd. (Putzmeister Holding) and the China Three Gorges Group Portuguese electricity supplier EDP (SAEDP.LB + 0.35 %) 21% of the company's acquisition of the shares.

China's total investment in the U.S. in the first quarter was only $ 8,000,000, less than $ 975 million a year earlier. In an interview in February this year, the founder and managing director of Asia-Europe Joint Capital Group Long Bowang (Andr Loesekrug-Pietri), and political sensitivity are holding back investment in the U.S., but he expects that this situation will be this year improved after the U.S. presidential election.

Allied Capital Group in Asia and Europe report data from a variety of channels, including commercial databases in China, Europe and the United States, as well as the Asia-Europe Joint Capital Group internal research data.

In May this year, the Asia-Europe Joint Capital Group, the investment company, as well as the Belgian sovereign wealth fund, the Federal Holding Investment Co., Ltd. (Federal Holding, Investment Co.), set up a joint investment fund, a major investment, Europe's leading brand with Chinese enterprises and technology. The scale of the fund's investment were not disclosed.

Asia-Europe Joint Capital Group to invest in European brands is a way to help Chinese enterprises to turn to high-end of the value chain to improve profitability. For example, in 2010, the Group and the Chinese enterprise groups Fosun Group (Fosun Group) joint investment. The revival of the Group acquired the French resort company Club Mediterranee SA (CU.FR) 10% of the shares, Fuxing Group is currently in collaboration with the French company in China, the development of holiday places. [Compiled internship: Zhao Jian, Yang Shu Chen Beibei Chen Junwen Reporter: Sima Yi Jie