M&A rebound predicted

Asurge in cross-border mergers and acquisitions involving Chinese firms is likely, Reuters reported a top JP Morgan executive as saying. Liang Meng, the investment bank's head of China M&A, said that he had witnessed a strong rebound in such activity caused by deals delayed by the Sars virus outbreak earlier this year. He expects financial institutions and the natural resources sector, including metals, mining, power, gas and oil, to see a lot of activity.