Chinese Outbound Investments into US (2004-2012)

15 Pages Posted: 10 Apr 2012  

Petter N. Kolm

New York University - Courant Institute of Mathematical Sciences

Henry Tillman

Grisons Peak LLP

Date Written: April 10, 2012

Abstract

This study analyses Chinese outbound investment into the US since 2004, the year when the Chinese made their initial major acquisition of a US owned organisation. The empirical data is from 2004-2012 inclusive, and extends across M&A/equity investments as well as major Bank Loans and major Trade Agreements. The data has been assembled solely from public sources, and in many cases, from the Grisons Peak China Outbound database.

In this study, we posit that there are three distinctive stages of Chinese outbound investments into the US: (1) an initial phase (2004-2006), (2) financial services brands via equity/funds Investments (2007-2009), and (3) a shift to trade agreements (post financial crisis). For each phase we discuss the main transactions and their characteristics.

Keywords: China, cross-border M&A, outward foreign direct investment, US

JEL Classification: G34, G38

Suggested Citation

Kolm, Petter N. and Tillman, Henry, Chinese Outbound Investments into US (2004-2012) (April 10, 2012). Available at SSRN: https://ssrn.com/abstract=2037732 or http://dx.doi.org/10.2139/ssrn.2037732

Petter N. Kolm

New York University - Courant Institute of Mathematical Sciences ( email )

251 Mercer Street
New York, NY 10012
United States

HOME PAGE: http://www.cims.nyu.edu/~kolm

Henry Tillman (Contact Author)

Grisons Peak LLP ( email )

Candlewick House,120 Cannon Street
London, EC4N 6AS
United Kingdom

HOME PAGE: http://www.grisonspeak.com

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