M&A deals drop, but market still steady

There have been 562 merger and acquisition deals related to Chinese companies this year with a value of $35.3 billion, decreasing 11.8 percent year-on-year, according to data from Thomson Reuters released on Thursday.

But experts said the condition of the Chinese M&A market remains steady in the first quarter and will be positive this year.

"One reason for the small decrease in the first quarter may be that buyers at home and abroad are waiting for China's leadership transition to take effect," said Nie Lei, a partner of transaction services at PwC China.