2 years after the financial crisis, the total volume of overseas merger and acquiring by Chinese firms increased to 30 billion US dollar from 7 billion US dollar before the crisis, recently the volume is around 23 billion US dollar. In Anbound's view, the priority of Chinese firms is to clarity their M&A target, whether it could boost the industrial chain to fully upgrade, including advanced technologies, brands, services and market. The investment returns and risks are required to be cautiously calculated.