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  "documentTitle": "China M&A 2024 Review and Outlook",
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      "text": "US$ billion: 18",
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      "text": "Deal values suffered from the lack of mega-deals with only 18 mega-deals by strategic buyers: the CSSC SOE merger at US$16bn was the largest deal in 2024; other large deals originated from government-driven restructurings in the financial sector; two HKSE privatisations (healthcare and logistics); and some industry integrations (healthcare and industrials)",
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