ClickforEnglishOverviewofChinaoutboundinvestmentof202222022年中國(guó)海外投資概覽交易活躍度有所回升海外投資業(yè)務(wù)部2023年2月16日本期摘要本期摘要對(duì)外直接投資海外并購(gòu)對(duì)外承包工程安永推薦閱讀對(duì)外直接投資2中國(guó)全行業(yè)對(duì)外直接投資1,465億美元，較去年同期增長(zhǎng)0.9%；非金融類對(duì)外直接投資1,168.5億美元，同比增長(zhǎng)2.8%，其中對(duì)“一帶一路”沿線國(guó)家非金融類直接投資209.7億美元，同比增長(zhǎng)海外并購(gòu)32022年，中企宣布的海外并購(gòu)總額僅為287.4億美元，創(chuàng)歷史新低，同比下降52%，且大額交易大比減少6%。從行業(yè)角度，按交易金額計(jì)，前三大熱門(mén)行業(yè)為T(mén)MT*，醫(yī)療與生命科學(xué)以及房地產(chǎn)、酒店與建TMT?從區(qū)域來(lái)看，亞洲仍最受歡迎，盡管占比較去年有所下降，但交易金額與數(shù)量仍位列第一。按金迎的十大目的地中，有四個(gè)錄得逆勢(shì)增長(zhǎng)，分別是日本、澳大利亞、法國(guó)和阿除北美洲和非洲大幅下降外，其他大洲交易數(shù)量均錄得上漲，交易活躍度有所對(duì)外承包工程2合同額2,530.7億美元，同比下降2.1%。TMT包括科技、媒體和娛樂(lè)和通信業(yè)第3頁(yè)2022年中國(guó)海外投資概覽1,0005000200150101,0005000200150100500本期摘要對(duì)外直接投資海外并購(gòu)對(duì)外承包工程安永推薦閱讀外直接投資基本保持穩(wěn)定，部分行業(yè)對(duì)外投資增長(zhǎng)較快中國(guó)全行業(yè)對(duì)外直接投資1,465億美元，同比增長(zhǎng)0.9%?其中非金融類對(duì)外直接投資1,168.5億美元，同比增長(zhǎng)2.8%制造業(yè)以及租賃和商務(wù)服務(wù)線國(guó)家非金融類直接投資209.7億美元，同比增長(zhǎng)3.3%?占同期總額的17.9%孟加拉國(guó)等202022年前中國(guó)全行業(yè)對(duì)外直接投資額(億美元)1,50038138140835845839631031839738034534326634228230129629225732226420182019202020212022三季度四季度20222022年對(duì)“一帶一路”沿線國(guó)家非金融類直接投資額(億美元)5534856493148395354535244503230384136494220182019202020212022一季度二季度三季度四季度由于四舍五入的緣故，其合計(jì)數(shù)未必與總計(jì)數(shù)相等部月度簡(jiǎn)明統(tǒng)計(jì)數(shù)據(jù)、外匯局第4頁(yè)20第4頁(yè)本期摘要對(duì)外直接投資海外并購(gòu)對(duì)外承包工程安永推薦閱讀但部分地區(qū)和行業(yè)交易活躍度有所回升2022年海外并購(gòu)總額為287.4億美元，同比下降52%，全球經(jīng)濟(jì)及中國(guó)疫情政策影響，中企海外并購(gòu)易。22022年中企宣布的海外并購(gòu)金額和數(shù)量交易金額(億美元)交易金額(億美元)1,20080040007962366502365375375075375372592592858116913728523928523922390937375775759017247800600400200020182019202020212022一季度二季度三季度四季度由于四舍五入的緣故，其合計(jì)數(shù)未必與總計(jì)數(shù)相等；安永分析第5頁(yè)2022年中國(guó)海外投資概覽第6頁(yè)Refinitiv、Mergermarket，包括香港、澳門(mén)和臺(tái)灣的對(duì)外并購(gòu)交易，數(shù)據(jù)包括已宣布但尚未完成的交易，于2023年1月4第6頁(yè)2022年中國(guó)海外投資概覽金額 173.2金額 173.2243.8341.6435.1533.6其他金融服務(wù)房地產(chǎn)、酒店與建造消費(fèi)品采礦與金屬先進(jìn)制造與運(yùn)輸醫(yī)療與生命科學(xué)本期摘要對(duì)外直接投資海外并購(gòu)對(duì)外承包工程安永推薦閱讀海外并購(gòu)(M&A)(續(xù))2022年%)。其他其他金融5%服務(wù)消費(fèi)品7%先進(jìn)制造與運(yùn)輸采礦與金屬醫(yī)療與生命科學(xué)%房地產(chǎn)、酒店與建造1118273362456551551本期摘要本期摘要對(duì)外直接投資海外并購(gòu)對(duì)外承包工程安永推薦閱讀海外并購(gòu)(M&A)(續(xù))?2022年各行業(yè)的區(qū)域分布特點(diǎn)明顯，部分行業(yè)區(qū)域集中度?消費(fèi)品行業(yè)則主要集中在亞洲(64%)和大洋洲(32%)；型需求；第7頁(yè)202022年中企宣布的海外并購(gòu)行業(yè)與各大洲分布(按交易金額)100%于2023年1月4日下載；安永分析2022年中國(guó)海外投資概覽75.5億美元170宗63.2億美元75.5億美元170宗63.2億美元82宗16.3億美元26宗本期摘要對(duì)外直接投資海外并購(gòu)對(duì)外承包工程安永推薦閱讀海外并購(gòu)(M&A)(續(xù))107.5億美元171宗10.6億美元13宗14.3億美元45宗第8頁(yè)2022年中國(guó)海外投資概覽75.5億美元75.5億美元170宗同比下降52%?因?yàn)閭€(gè)別大型交易，荷蘭為中企投資金額最高的國(guó)家，然而按國(guó)交易數(shù)量占中企在TMT的并購(gòu)金額占中企對(duì)歐年末部分國(guó)家有所回落，但預(yù)計(jì)2023年，高通脹仍將是歐洲將面率或?qū)⑦M(jìn)一步上升，企業(yè)發(fā)展將面臨更戰(zhàn)，目前IMF對(duì)歐盟2023年經(jīng)濟(jì)增長(zhǎng)預(yù)期為0.7%，英國(guó)則本期摘要對(duì)外直接投資海外并購(gòu)對(duì)外承包工程安永推薦閱讀海外并購(gòu)(M&A)(續(xù))107.5美元171宗同比下降61%同比增長(zhǎng)4%?在最受中企青睞的前十大目的地中，有四個(gè)來(lái)自亞洲，分別為新?展望2023年，亞洲新興國(guó)家增長(zhǎng)率仍將領(lǐng)先于全球整體增速，一系列合作協(xié)議，這也將繼續(xù)擴(kuò)大并深化亞4.注：東盟五國(guó)為印度尼西亞、馬來(lái)西亞、菲律賓、泰國(guó)和越南第9頁(yè)2022年中國(guó)海外投資概覽本期摘要對(duì)外直接投資海外并購(gòu)對(duì)外承包工程安永推薦閱讀海外并購(gòu)(M&A)(續(xù))63.2億美元同比下降33%82宗同比下降42%。 拉丁美洲16.3億美元同比下降27%26宗同比增長(zhǎng)44%?阿根廷為最主要的投資目的地?主要由于一筆投向該國(guó)采礦與金屬行業(yè)的第10頁(yè) 大洋洲14.3億美元同比下降41%45宗同比增長(zhǎng)50%2022年中國(guó)海外投資概覽10.6億美元同比下降46%13宗同比下降43%?主要投向采礦與金屬行業(yè)?主要投資目的地為津巴布韋和剛果2022年中企宣布的海外并購(gòu)前十大目的地(按交易數(shù)量，宗數(shù))2022年22022年中企宣布的海外并購(gòu)前十大目的地(按交易數(shù)量，宗數(shù))2022年2021年1美國(guó)721202英國(guó)43463澳大利亞42264393153732628247德國(guó)28298法國(guó)829阿根廷140印度13本期摘要對(duì)外直接投資海外并購(gòu)對(duì)外承包工程安永推薦閱讀海外并購(gòu)(M&A)(續(xù))2022年中企宣布的海外并購(gòu)前十大目的地(按交易金額，億美元)2022年2021年1美國(guó)62.478.7241.0108.23荷蘭23.658.34日本22.318.45英國(guó)14.5376澳大利亞13.913.37法國(guó)11.41.2810.648.49阿根廷10.33.5010.154.4第11頁(yè)2022年中國(guó)海外投資概覽穩(wěn)步發(fā)展，助力多國(guó)經(jīng)濟(jì)發(fā)展穩(wěn)步發(fā)展，助力多國(guó)經(jīng)濟(jì)發(fā)展?在“一帶一路”沿線國(guó)家和地區(qū)，新簽合同額1,296.2億美元，同比51.2%標(biāo)準(zhǔn)軌鐵路項(xiàng)目等，在能源和電力項(xiàng)目領(lǐng)域中標(biāo)阿根廷國(guó)家天然氣管道、安哥拉輸變電項(xiàng)目、烏茲別克斯坦最大風(fēng)電單體項(xiàng)目以及沙特光伏電站項(xiàng)目等，其他還包括沙特社會(huì)住房等重大項(xiàng)目5。3,0002,5002,0001,5001,0005000本期摘要對(duì)外直接投資海外并購(gòu)對(duì)外承包工程安永推薦閱讀202022年中國(guó)對(duì)外承包工程新簽合同額(億美元)11,0604356224464925695354085535064305185545624741136105247898987320182019202020212022一季度二季度三季度四季度由于四舍五入的緣故，其合計(jì)數(shù)未必與總計(jì)數(shù)相等月度簡(jiǎn)明統(tǒng)計(jì)數(shù)據(jù)5.資料來(lái)源：公開(kāi)信息整理第12頁(yè)2022年中國(guó)海外投資概覽1,5001,00050001,5001,0005000穩(wěn)步發(fā)展，助力多國(guó)經(jīng)濟(jì)發(fā)展本期摘要對(duì)外直接投資海外并購(gòu)對(duì)外承包工程安永推薦閱讀20222022年中國(guó)對(duì)外承包工程完成營(yíng)業(yè)額(億美元)?完成營(yíng)業(yè)額1,549.9億美元，與上年基本持平?在“一帶一路”沿線國(guó)家和地區(qū)對(duì)外承包工程完成營(yíng)業(yè)額849.4億美元，同比下%道(孟加拉國(guó)卡納普里河底隧道)項(xiàng)目南線隧道竣工，克羅地亞佩列沙茨大橋通車(chē)，喀麥隆首條中國(guó)標(biāo)準(zhǔn)建設(shè)高速公路通車(chē)和卡塔爾世界杯主體育場(chǎng)項(xiàng)目順利交付等5。不僅展現(xiàn)了中國(guó)企業(yè)在承包工程領(lǐng)域的技術(shù)及競(jìng)爭(zhēng)優(yōu)勢(shì)，也切實(shí)發(fā)展并惠及了當(dāng)?shù)孛癖?。?chǎng)取得相對(duì)競(jìng)爭(zhēng)優(yōu)勢(shì)，根據(jù)《工較成6。國(guó)建造繼續(xù)拓展全球市場(chǎng)，并在智能數(shù)字化、低碳綠色化2,00048048036430741629036238134739537830131837233132628070860164747520182019202020212022一季度二季度三季度四季度由于四舍五入的緣故，其合計(jì)數(shù)未必與總計(jì)數(shù)相等月度簡(jiǎn)明統(tǒng)計(jì)數(shù)據(jù)第13頁(yè)2022年中國(guó)海外投資概覽本期摘要本期摘要對(duì)外直接投資海外并購(gòu)對(duì)外承包工程安永推薦閱讀1.【安永稅務(wù)】歐盟成員國(guó)最終批準(zhǔn)《外國(guó)政府補(bǔ)貼條例》2.【安永觀察】盧森堡：了解大公國(guó)的支付/電子貨幣機(jī)構(gòu)和數(shù)字資產(chǎn)交易所 安永發(fā)布可再生能源吸引力指數(shù)(RECAI)第60期專題報(bào)告3.4.運(yùn)籌帷幄，決勝千里：支付戰(zhàn)略助力平臺(tái)企業(yè)打響海外爭(zhēng)奪5.【安永觀察】越南受惠于國(guó)際供應(yīng)鏈重塑更新稅務(wù)及法律政策吸引外資第14頁(yè)20第14頁(yè)掃描微信公眾平臺(tái)二維碼，獲取更多推薦閱讀內(nèi)容美洲區(qū)Americas美洲區(qū)AmericasArea加拿大美國(guó)加勒比地區(qū)以色列玻利維亞厄瓜多爾牙買(mǎi)加墨西哥秘魯委內(nèi)瑞拉阿根廷巴西智利CanadaUnitedStatesCaribbeanRegionIsraelBoliviaEcuadorJamaicaMexicoPeruVenezuelaArgentinaBrazilChileChinaOverseasInvestmentNetwork(COIN)COINCOINEMEIA員連接在一起，在海外投資的各個(gè)階段，從投資計(jì)劃到執(zhí)行和投后整合，為中國(guó)客戶提供一站式服務(wù)。面的服務(wù)領(lǐng)域歐歐洲、中東、印度及非洲區(qū)EMEIAArea奧地利比利時(shí)捷克丹麥芬蘭法國(guó)德國(guó)希臘匈牙利意大利哈薩克斯坦吉爾吉斯斯坦盧森堡荷蘭挪威巴基斯坦波蘭葡萄牙羅馬尼亞西班牙瑞典瑞士土耳其英國(guó)烏茲別克斯坦巴林埃及科威特沙特阿拉伯阿聯(lián)酋印度阿爾及利亞安哥拉喀麥隆剛果民主共和國(guó)埃塞俄比亞利比亞莫桑比克尼日利亞南非南蘇丹烏干達(dá)贊比亞津巴布韋AustriaBelgiumCzechRepublicDenmarkFinlandFranceGermanyGreeceHungaryItalyKazakhstanKyrgyzstanLuxembourgNetherlandsNorwayPakistanPolandPortugalRomaniaSpainSwedenSwitzerlandTurkeyUnitedKingdomUzbekistanBahrainEgyptKuwaitSaudiArabiaUnitedArabEmiratesIndiaAlgeriaAngolaCameroonDemocraticRepublicofCongoEthiopiaLibyaMozambiqueNigeriaSouthAfricaSouthSudanUgandaZambiaZimbabwe亞太區(qū)Asia-PacificArea澳大利亞新西蘭韓國(guó)文萊柬埔寨印度尼西亞老撾馬來(lái)西亞緬甸菲律賓新加坡斯里蘭卡泰國(guó)越南AustraliaNewZealandJapanSouthKoreaBruneiCambodiaIndonesiaLaosMalaysiaMyanmarPhilippinesSingaporeSriLankaThailandVietnam70+3,200+外業(yè)務(wù)74,000+外項(xiàng)目*以上為過(guò)去三年的數(shù)據(jù)蓋的“一1,600+帶一路”共建34,000+一路”共建國(guó)家與的項(xiàng)目數(shù)量第15頁(yè)2022年中國(guó)海外投資概覽?亞太區(qū)+61292485008john.?亞太區(qū)+61292485008john.li@+6563096275driankohsgeycom請(qǐng)瀏覽我們的網(wǎng)站/zh_cn/coin或聯(lián)系：執(zhí)行官員+861058154057jackchan@源行業(yè)聯(lián)席主管咨詢服務(wù)主管+861058153891eycom會(huì)計(jì)咨詢服務(wù)主管+862122282816lawrencelaucneycom+85226293133loletta.chow@及并購(gòu)重組稅+861058153230andrew.choy@咨詢服務(wù)主管合伙人+8675522385818steven.xiong@+862122282798selvcneycom+861058152805julie.hao@+861058152086gcneycom交易咨詢服務(wù)主管+862122282205sucneycom安永(中國(guó))企業(yè)咨詢有限公司+862122288789?美洲區(qū)+16173753792ngzhangeycom?歐洲、中東、印度及非洲(EMEIA)區(qū)+33146934363qinghua.xu-pionchon@ricc.xiao@+49211935220153undeeycom夫+551196252084fernanda.chang@+442079517952ycom第16頁(yè)2022年中國(guó)海外投資概覽的商業(yè)世界。我們致力幫戶、員工及社會(huì)各界創(chuàng)造長(zhǎng)期價(jià)值，同時(shí)在資信任。在數(shù)據(jù)及科技賦能下，安永的多元化團(tuán)隊(duì)通過(guò)鑒證服務(wù)，于150多個(gè)國(guó)家及地區(qū)構(gòu)建信任，并協(xié)助企營(yíng)。在審計(jì)、咨詢、法律、戰(zhàn)略、稅務(wù)與交易的專業(yè)服成員機(jī)構(gòu)均為獨(dú)立的法律實(shí)體，各成員機(jī)構(gòu)可單獨(dú)簡(jiǎn)稱為“安永”。Ernst&YoungGlobalLimited是注冊(cè)于英國(guó)的一家保證(責(zé)任)有限公司，不對(duì)外機(jī)構(gòu)的總部。請(qǐng)登錄/privacy，了解安永如何收集及使用個(gè)人信息，個(gè)人信息法規(guī)保護(hù)下個(gè)人所擁有權(quán)利的描述。安永成員機(jī)構(gòu)不從事當(dāng)覽。?2023安永，中國(guó)。APACno.03016628DNone本材料是為提供一般信息的用途編制，并非旨在成為可依賴的會(huì)計(jì)、稅務(wù)、法律或其他專業(yè)意見(jiàn)。請(qǐng)向您的顧問(wèn)獲取具體意見(jiàn)。/china務(wù)部”微信公眾號(hào)2022年中國(guó)海外投資概覽OverviewOverviewofChinaoutboundinvestmentof2022OutwarddirectinvestmentwasgenerallystablewithpickupinsomeregionsandsectorsEYChinaOverseasInvestmentNetwork16February2023LolettaLolettaChowGlobalLeaderofEYChinaOverseasInvestmentNetworkIn2022,theeconomyofChinaaswellastheworldeconomyhavebeenfacinglotsofchallengesbroughtwithincreasedgeopoliticalcomplexitysuchasenergycrisisandinflation.Chinaexperiencedthepressureofsoftereconomyindicatedbyweakenedconsumption,importsandexports.BasedonthelatestInternationalMonetaryFund(IMF)1estimates,theglobalgrowthfor2023isprojectedtodecreaseto2.9%from3.4%in2022.Amajorityofkeyeconomies,especiallyadvancedeconomies,mightseefurtherreductionineconomicgrowththisyear.Chinamightsteadilyreviveitseconomyasitoptimizedpandemicpreventionandcontrol.Thismightbefollowedbyagradualrecoveryofcross-borderinvestmentbyChineseenterprisesthoughcautionisneededinviewofgeopoliticalrisksinsomeareasandthegrowingmacroeconomicuncertainty.Source:1.WorldEconomicOutlook,IMF,January2023OverviewofChinaoutboundinvestmentof2022EYRecommendedreadingsOverseasM&AsSummarySummaryChinaoveralloutwarddirectinvestment(ODI)reachedUS$146.5billionin2022,up0.9%year-on-year(YOY).Thenon-financialBeltandRoadBRnonfinancialODIincreasedYOYtoUSbillionOverseasM&As3In2022,thevalueofannouncedChinaoverseasmergersandacquisitions(M&As)reachedUS$28.7billion,down52%YOYtoahistoriclowcomparedtothepastyearswithconsiderablyfewerlarge-scaledeals.Therewere507announcedChinaoverseasM&A?Sector-wisebydealvalue,55%ofthetotaltookplaceinthetopthreesectors,namelyTMT*,healthcare&lifesciences,andrealestate,hospitality&construction.Ofwhich,thehealthcare&lifesciencesdealsincreasedtoarecordhighcovering15%ofthetotalvalueintheyear.Bydealvolume,halfofthetotaltookplaceinthetopthreesectors,namelyTMT,advancedmanufacturing&mobility,andhealthcare&lifesciences.Mining&metalsbecamehighlightoftheyearbeingtheonlysectortoseegrowth,andYOYbyvalueandvolumerespectively?Fromaregionalperspective,Asiawasthemostpopular.Thoughitsproportionamongcontinentsdecreasedcomparedtothepreviousyear,Asiarecordedboththehighestdealvalueandvolumeamongall.Despitetheoveralldownwardtrend,dealvalueincreasedinJapan,Australia,FranceandArgentinain2022.ContinentsotherthanNorthAmericaandAfricarecordedincreaseddealvolumesasactivitiespickedup.edChinaoverseasengineeringprocurementandconstructionEPCprojectsdecreasedYOYtoUSbillion*TheTMTsectorreferstotechnology,media&entertainmentandtelecommunicationsSources:2.ChinaMOFCOM.3.Refinitiv;Mergermarket,includingdatafromHongKong,MacauandTaiwan,anddealsthathavebeenannouncedbutnotyetcompleted,datawasdownloadedon4January2023;EYanalysisOverviewofChinaoutboundinvestmentof20221005002015105010050020151050EYRecommendedreadingsOverseasM&AsSummaryODIdevelopssteadilyasoutboundinvestmentinsomeindustriesgrewrelativelyquicklyStatisticsshowedthatin2022,ChinaoverallODIreachedUS$146.5b,up0.9%YOY.ChinanonfinancialODIreachedUS9b,up2.8%YOY.?Outboundinvestmentinsomeindustriesgrewrelativelyquickly,suchaswholesaleretailmanufacturingaswellasleasingandbusinessservices,upTheB&Rnon-financialODIreachedUS$21.0b,up3.3%YOY.?Representing17.9%ofthetotalandBangladeshChinaChinaoverallODIin2022(US$billion)150339.732.240.830.138.045.834.534.231.829.631.026.429.225.738.135.839.634.326.628.220182019202020212022Q1Q2Q3Q4ChinaChinanon-financialODIalongtheB&Rin2022(US$billion)4.25.020182019Q12020Q22021Q32022Q4OverviewofChinaoutboundinvestmentof2022Note:Theround-upstatisticsinthisarticlemaynotaddtotheactualtotals.Sources:MonthlyStatisticsinBrief,ChinaMOFCOM;StateAdministrationofForeignEYRecommendedreadingsOverseasM&AsSummaryOverseasM&AsChinaoverseasM&AsreachedahistoriclowvalueintheyearhoweveractivitiesinsomeregionsandsectorsincreasedIn2022ahistoriclow.Ontheonehand,Chinaoverseasinvestmentsentimentturnedcautiousfollowingtheimpactbroughtbytheglobaleconomicofmoredealswasundisclosedaffectingthestatisticalresults.insomeregionsandsectorsincreasedasactivitiespickedupcomparedtothepreviousyear.ValueValueofannouncedChinaoverseasM&Asin2022(US$billion)1208040079665023.65053753750753753725.928.25.913.728.523.928.523.922.39.09.37.3 9.04.717.2800600400200020182019202020212022Q1Q2Q3Q4AnnualdealvolumeNote:Theround-upstatisticsinthisarticlemaynotaddtotheactualtotals.Sources:Refinitiv;Mergermarket,includingdatafromHongKong,MacauandTaiwan,anddealsthathavebeenannouncedbutnotyetcompleted,datawasdownloadedon4January2023;EYanalysisOverviewofChinaoutboundinvestmentof2022OverseasM&AsSummaryEYRecommendedreadingsBydealOverseasM&AsSummaryEYRecommendedreadingsBydealvalueOthersSectoranalysisIn2022?Bydealvalue,55%ofthetotaltookplaceinthetopthreesectors,namelyTMT,healthcare&lifesciences,andrealestate,hospitality&construction.Mining&MetalswastheonlysectortoseegrowthintheyeartoUS$3.5billion,recordinganincreasebyvalueat33%YOY,mainlyintheareasoflithiumminingandgoldmineoperation,etc.Moreover,arecordhighof15%ofthetotalvaluein2022camefromthehealthcare&lifesciencessector.?Bydealvolume,halfofthetotaltookplaceinthetopthreesectors,namelyTMT,advancedmanufacturing&mobility,andhealthcare&lifesciences.ManysectorsrecordedYOYgrowthsandtherewasgradualrecoveryofthedealactivities.Ofwhich,dealsinthemining&metalsrecordedthelargestYOYincreaseof111%whilstthoseinthesectorsofrealestate,hospitality&construction(38%),advancedmanufacturing&mobility(20%),andconsumerproducts(17%)alsoincreasedtodifferentextentsduringtheyear.Top5sectors**Volume1118273362456551551Top5sectors**ValueUS$b17.324.434.243.553.4ByBydealvolumeOthersThehealthcare&lifesciencessectorisreferredasHCLS;realestate,hospitality&constructionassasCPOthersSources:Refinitiv;Mergermarket,includingdatafromHongKong,MacauandTaiwan,anddealsthathavebeenannouncedbutnotyetcompleted,datawasdownloadedon4January2023;EYanalysisOverviewofChinaoutboundinvestmentofEYRecommendedreadingsOverseasM&AsSummarySectoranalysis?In2022,significantregionaldistributionpatternswereobservedacrossvarioussectors,withsomesectorsshowingahighlevelsofregionalconcentration:?75%ofthehealthcare&lifesciencesdealvaluetookplaceinNorthAmericae?80%ofoutboundpower&utilitiesdealvalueeseenterprisestookplaceinAsiaup87%YOY,primarilyinthepowergenerationandmanufacturingchainofrenewableenergyarandwindTheinvestmentswerealignedwithanincreasingneedofgreenenergytransitioninAsia?Theinvestmentsintheadvancedmanufacturing&mobilityrecordedadropof53%intheyearbutmoreinvestmentwasmadeinNorthAmericaandandrespectivelyprimarilyintheareasoftransportinfrastructure,automobiles&relatedcomponents,andchemicalsRegionalRegionaldistributionofannouncedChinaoverseasM&Asbysectorin2022(bydealvalue)iencesRealestate,hospitality&constructiontalsAdvancedmanufacturing&mobilityConsumerproductsPower&utilities11%NorthAmericaLatinAmericaAfricaSources:Refinitiv;Mergermarket,includingdatafromHongKong,MacauandTaiwan,anddealsthathavebeenannouncedbutnotyetcompleted,datawasdownloadedon4January2023;EYanalysisOverviewofChinaoutboundinvestmentof2022US$7.6b170NorthAmericaUS$7.6b170NorthAmericaUS$6.3b82LatinAmericaUS$1.6b26EYRecommendedreadingsOverseasM&AsSummaryRegionalanalysisUS$10.8b171AfricaAfricaUS1b13US$1.4b45ContinenContinentDealvalueDealvolumeSources:Refinitiv;Mergermarket,includingdatafromHongKong,MacauandTaiwan,anddealsthathavebeenannouncedbutnotyetcompleted,datawasdownloadedon4January2023;EYanalysisOverviewofChinaoutboundinvestmentof20221Asia1AsiaUS$10.8b171deals?AsiawasstillthetopdestinationforChinaoverseasM&Asbybothvalueandvolume,accountingfor37%and34%ofthetotalrespectively.?Fouroutofthetop10investmentdestinationsofChinaoverseasM&AsweresituatedinAsia,namelySingapore,Japan,SouthKoreaandIndonesia,collectivelyaccountingfornearly80%ofthetotalvalueinAsia.?TMT,realestate,hospitality&construction,andconsumerproductswerethetopsectorsforinvestmentbyChineseenterprisesinAsia,collectivelyaccountingfor66%ofthetotalvalueinthecontinent.?GrowthprospectofAsiafor2023hasbeenrelativelypositivecomparedtotheglobaleconomicforecasts.Ofwhich,the2023growthestimatesforIndiamaybeat6.1%,ASEAN-54at4.3%,theMiddleEastandCentralAsiaat3.2%.Inaddition,sincetheendoflastyear,leadersinChinamademultiplediplomaticinteractionswithecountriesintheMiddleEastandreachedanumberofcooperationagreementstodeepentheinvestment,economicandtradecooperation;theAsianregionisexpectedtoremainapopularinvestmentdestinationforChineseenterprises.EYRecommendedreadingsOverseasM&AsSummaryRegionalanalysis US$7.6bdown52%YOY170dealsup6%YOY?Amega-scaledealwasmadeintheNetherlandsin2022makingitthetopinvestedcountryinEuropebyChineseenterprises.TheUKandGermanyweremorepopularinvestmentdestinationsinEuropebydealvolume,collectivelyaccountingfor42%ofthetotalvalueinthecontinent.?ThetopsectorTMTtookup45%ofthetotalvalueinthecontinent.In2022,inflationinEuropeincreasedtoanall-timehighthoughrisingpricesinsomecountriesslowedbyyear-end.?In2022,inflationinEuropeincreasedtoanall-timehighthoughrisingpricesinsomecountriesslowedbyyear-end.Highinflationsince2022islikelytoremainasamajorchallengetogetherwithclimbinginterestrates.Businessesmightexperiencegreaterchallenges.Currently,growthintheEuropeanUnionwasforecastbyIMFtobe0.7%in2023.GrowthintheUnitedKingdomwasforecasttobe-0.6%1,oneoftheworstperformersamongmajorEuropeaneconomies.Thus,vigilanceiscalledforChineseenterprisesinvestinginEuropeinviewoftheimpactofthemacroeconomicuncertaintiesandgeopoliticalrisks.4.Note:ASEAN-5referstoIndonesia,Malaysia,thePhilippines,Singapore,andThailandOverviewofChinaoutboundinvestmentof2022OceaniaOceaniaUS$1.4b45deals?Bydealvalue,Australiawasthetopinvestmentdestination,mainlyintheconsumerproductssector?Bydealvolume,themining&metalsandconsumerproductssectorsrecordedincreaseddealvolumesAfricaY13dealsdown43%YOY?Theinvestmentmainlywenttothemining&metalssector?ZimbabweandtheDemocraticRepublicofCongowerethetopinvestmentdestinationsEYRecommendedreadingsOverseasM&AsSummaryRegionalanalysisNorthAmericaUS$6.3b82dealsdownYOY?BothdealvalueandvolumebyChineseenterprisesreachedthehistoriclowsinNorthAmerica.TwomajorsectorsinNorthAmericain2022–healthcare&lifesciencesandadvancedmanufacturing&mobility–recordednewhighsbyvalueinnearlyfouryears,up42%and178%YOYrespectively,andcollectivelyaccountingfor76%ofthetotalvalueinthecontinent.Bydealvolume,healthcare&lifesciencescontinuedtobethetopsector,takingupafurtherincreaseto33%ofthetotalvolumeinthecontinent.ThisreflectedthesectorfocusofChineseenterprisesinNorthAmericaamidtheimpactofgeopolitics.Lookingaheadin2023,somecananticipatethethreatofaneconomicrecessionintheUSbutadvantagesoftechnologiesandmarketsizeoftheUScanbeattractivetoChinaoverseasinvestorsinsomelesssensitivesectors.TheimpactofgeopoliticsmaybecarefullyconsideredbyChineseenterpriseswheninvestinginNorthAmerica.LatinAmericaUS$1.6bdown27%YOY26dealsup44%YOY?Argentinawasthetopinvestmentdestination?Theinvestmentmainlyduetoamegadealinmining&metalssectorduringtheyearOverviewofChinaoutboundinvestmentof2022Top10destinationsofChinaoverseasTop10destinationsofChinaoverseasM&Asin2022(Bydealvolume)24680Destination202220211US72120UK43463Australia4226Japan39315re3732SouthKorea28247Germany2829France829Argentina14India13EYRecommendedreadingsOverseasM&AsSummaryRegionalanalysisTopTop10destinationsofChinaoverseasM&Asin2022(Bydealvalue:US$billion)Destination2022202116.27.92gapore4.110.83Netherlands2.45.84Japan2.21.851.53.76Australia1.41.371.10.18SouthKorea1.14.89Argentina1.00.401.05.4Sources:Refinitiv;Mergermarket,includingdatafromHongKong,MacauandTaiwan,anddealsthathavebeenannouncedbutnotyetcompleted,datawasdownloadedon4January2023;EYanalysisOverviewofChinaoutboundinvestmentof2022250200250200150100500SteadydevelopmentofoverseasEPCprojectshelpsaccelerategrowthofdestinationcountriesEYRecommendedreadingsOverseasM&AsSummaryValueValueofnewly-signedChinaoverseasEPCcontractsin2022(US$billion)In2022projectsofUS$129.6b,down3%YOY.?Although2022wasfullofchallenges,morenewoverseasprojectsweresignedbyChineseenterprises,suchasthetunnellingprojectsinNeomandMadinah,SaudiArabiainthetransportinfrastructure,inadditiontothewerarea,therewerethenationalnaturalgaspipelineprojectinArgentina,thepowertransmissionandtransformationprojectinAngola,thelargestwindpowerstationprojectinUzbekistan,thephotovoltaicpowerplantprojectinSaudiArabia,aswellasothermajorprojectsincludingthesocialhousingin3001106.043.556.247.447.862.244.649.256.953.540.855.350.643.051.855.4113.6105.298.987.320182019202020212022Q1Q2Q3Q4Note:Theround-upstatisticsinthisarticlemaynotaddtotheactualtotals.Sources:MonthlyStatisticsinBrief,ChinaMOFCOM5.Source:PublicdomaininformationOverviewofChinaoutboundinvestmentof2022In2022CompletedturnoverofIn2022CompletedturnoverofChineseenterprisesforeigncontractingprojectswasUS$155.0b,whichwasaboutthesamecomparedtothatoflastyear200?CompletedturnoverintheB&RcountriesandregionswasUS$84.9b,down5%YOY,accountingfor54.8%ofthetotalduringtheyear?ChineseEPCserviceprovidersovercamenumerousobstaclestoimplementanassortmentoflandmarkprojects,suchasthetrialoperationofASEAN’sfirsthigh-speedrailway,theofficialsfirstunderwatertunnel(namelytheKanapuriRiverBottomTunnelinBangladesh),thelaunchofthePelje?acBridgeinCroatiaandthefirstChinesestandardconstructionhighwayinCameroon,aswellasthesmoothdeliveryofthemainstadiumprojectoftheQatarWorldCup5.ThesecompletedprojectsshowcasedtechnicalandcompetitiveadvantagesofChineseEPCenterprisesandalsohelpeddriveeconomicdevelopmentofthedestinationcountriesandprovidebenefitstotheirpeoples.?TheChineseEPCprovidershaveaccumulatedknow-howoveryears,achievingacomparativeadvantageintheinternationalengineeringmarket.WithreferencetothelatestinternationalcontractorrankingsreleasedbytheEngineeringNewsRecord,sevenChineseenterpriseswerelistedonthetop20in2022,addingoneenterprisecomparedto2021.Intotal,79Chineseenterpriseswereamongthetop250internationalcontractorslist,accountingformorethan30%ofthetotal6.?Amidthedownwardpressureintheglobaleconomicoutlookin2023,infrastructureprojectsmaydriveinvestmentandprovideeconomicmomentumindestinationcountries.Chineseconstructionplayersarelikelytocontinuetoexpandtheirinternationalfootprintsandenterthefieldsofintelligentdigitalizationandlow-carbongreentransitionwithmorebenchmarkingprojectsinthefuture.6.Source:Thelistof2022Top250GlobalContractorsreleasedbyEngineeringNewsRecord,August2022;EYanalysis150100500EYRecommendedreadingsOverseasM&AsSummarySteadydevelopmentofEPCprojectshelpsboostgrowthofdestinationcountriesCompletedCompletedturnoverofChinaoverseasEPCcontractsin2022(US$billion)48.048.064.731.830.741.634.739.537.828.036.429.070.860.147.520182019202020212022Q1Q2Q3Q4Note:Theround-upstatisticsinthisarticlemaynotaddtotheactualtotals.Sources:MonthlyStatisticsinBrief,ChinaMOFCOMOverviewofChinaoutboundinvestmentof美洲區(qū)AmericasArea加拿大美國(guó)加勒比地區(qū)美洲區(qū)AmericasArea加拿大美國(guó)加勒比地區(qū)以色列玻利維亞厄瓜多爾牙買(mǎi)加墨西哥秘魯委內(nèi)瑞拉阿根廷巴西智利CanadaUnitedStatesCaribbeanRegionIsraelBoliviaEcuadorJamaicaMexicoPeruVenezuelaArgentinaBrazilChilealnetworksaroundtheglobebuildingontheexistingChinaBusinessGroupintheAmericasEMEIAandAsiaPacificareas,andprovidesChineseclientswithone-stopservices,coveringallstagesofoverseasinvestment,fromplanningtoexecutionandpost-dealintegrationExtensiveExtensivecross-bordertransactionexperienceandfullcoverageofservicesMultilingualseamlessserviceteamsreachandlocalexpertise歐歐洲、中東、印度及非洲區(qū)EMEIAArea奧地利比利時(shí)捷克丹麥芬蘭法國(guó)德國(guó)希臘匈牙利意大利哈薩克斯坦吉爾吉斯斯坦盧森堡荷蘭挪威巴基斯坦波蘭葡萄牙羅馬尼亞西班牙瑞典瑞士土耳其英國(guó)烏茲別克斯坦巴林埃及科威特沙特阿拉伯阿聯(lián)酋印度阿爾及利亞安哥拉喀麥隆剛果民主共和國(guó)埃塞俄比亞利比亞莫桑比克尼日利亞南非南蘇丹烏干達(dá)贊比亞津巴布韋AustriaBelgiumCzechRepublicDenmarkFinlandFranceGermanyGreeceHungaryItalyKazakhstanKyrgyzstanLuxembourgNetherlandsNorwayPakistanPolandPortugalRomaniaSpainSwedenSwitzerlandTurkeyUnitedKingdomUzbekistanBahrainEgyptKuwaitSaudiArabiaUnitedArabEmiratesIn