China’s Global M&A Activity Jumps to Five-Year High: Q1 2026 Update
New data from Rhodium Group’s China Cross-Border Monitor (CBM) shows that mainland Chinese companies announced 128 major FDI transactions in Q1 2026 with an estimated total value of $26.3 billion.
Greenfield investment totaled $16.7 billion, marking a slight recovery after a two-quarter decline. Four transactions exceeded $1 billion, the largest being Geo-Jade partnering with an unnamed Qatari investor to invest an estimated $3.9 billion at the Sozak gas project in Kyzylorda, Kazakhstan.
New M&A transactions by Chinese firms totaled $9.6 billion, increasing for the fifth consecutive quarter and reaching the highest quarterly value since Q4 2020. M&A is also growing as a mode of entry for Chinese FDI, averaging around 40% of total investment over the last two quarters, the highest share since 2021. The largest transaction was Zijin’s $4 billion acquisition of Canadian mining firm Allied Gold Corp, which holds several gold assets globally, including the Sadiola project in Mali, the Bonikro and Agbaou mines in Ivory Coast, and the Kurmuk deposit in Ethiopia.
China’s Global M&A Activity Jumps to Five-Year High: Q1 2026 Update
New data from Rhodium Group’s China Cross-Border Monitor (CBM) shows that mainland Chinese companies announced 128 major FDI transactions in Q1 2026 with an estimated total value of $26.3 billion.
Read on the China Cross-Border Monitor