Dataset • BUS 348 • Rollins College
60 Qualifying Chinese Serial Acquirers
The full HIP ESG firm dataset, screened from 1,488 A-share ISINs and assigned to HIGH, MEDIUM, and LOW tiers. Study window 2016–2026.
Total firms
60
Screened from 1,488 A-share ISINs
M&A transactions
308+
Buyer-side deals, 2016–2026
Tier split
20 / 20 / 20
High / Medium / Low HIP ESG
Sectors covered
7
Industrials, tech, financials, energy & more
High HIP ESG
20 firms · avg HIP 0.535
Top HIP Investor ranks. Healthcare, clean-energy, and contract-research acquirers.
| Rank | Company & ISIN | HIP Score | M&A Profile |
|---|---|---|---|
| 1 |
Wuxi Biologics Cayman
KYG970081173
|
0.625
|
CONFIRMED - 7 buyer deals 2016-2026 |
| 2 |
Sungrow Power Supply
CNE1000018M7
|
0.582
|
PASS - multiple acquisitions in solar/energy storage |
| 3 |
Hangzhou Tigermed
CNE100001KV8
|
0.575
|
PASS - 94+ investments/acquisitions |
| 4 |
Wuxi Apptec
CNE1000031K4
|
0.564
|
PASS - 10+ acquisitions incl. Pharmaplex 2019, Crelux 2019 |
| 5 |
Huatai Securities
CNE100000LQ8
|
0.561
|
PASS - AssetMark $740M (2019), Orient Securities, others |
| 6 |
Kingdee Intl. Software
KYG525681477
|
0.560
|
PASS - cloud software acquisitions 2017-2024 |
| 7 |
Shai.fosun Pharm.
CNE000000X38
|
0.540
|
PASS - 103+ investments; Gland Pharma, Alma Lasers, etc. |
| 8 |
Aac Technologies
KYG2953R1149
|
0.540
|
PASS - acoustic/optics acquisitions 2017-2023 |
| 9 |
Tencent Holdings
KYG875721634
|
0.539
|
PASS - 44+ acquisitions; Supercell, Ubisoft stake, etc. |
| 10 |
Mindray Medical
CNE100003G67
|
0.527
|
PASS - HyTest 2021, Zoncare, Datascope, Neusoft Medical |
| 11 |
Yihai Kerry Arawana
CNE1000048D3
|
0.519
|
PASS - agri-food acquisitions 2018-2024 |
| 12 |
Cosco Shipping Hdg.
CNE100000601
|
0.515
|
PASS - Orient Overseas $6.3B (2018), Piraeus Port 2021 |
| 13 |
Zte
CNE000000TK5
|
0.514
|
PASS - telecom/tech acquisitions 2016-2024 |
| 14 |
Pharmaron Beijing
CNE100003JW4
|
0.510
|
PASS - CRO acquisitions: PharmaLex, Absorption Systems, etc. |
| 15 |
Haier Smart Home
CNE000000CG9
|
0.509
|
PASS - GE Appliances $5.6B(2016), Candy 2019, F&P 2018 |
| 16 |
Guangzhou Kingmed Diagnostics
CNE100002VW1
|
0.509
|
PASS - diagnostic lab acquisitions 2018-2024 |
| 17 |
Joincare Pharm.
CNE000001816
|
0.504
|
PASS - pharma acquisitions incl. Neptunus, etc. |
| 18 |
Centre Testing Intl.
CNE100000GV8
|
0.504
|
PASS - lab/testing acquisitions 2017-2024 |
| 19 |
China Res.sanjiu
CNE0000011K8
|
0.503
|
PASS - pharmaceutical M&A 2016-2024 |
| 20 |
Tianqi Lithium
CNE100000T32
|
0.503
|
PASS - SQM stake $4.07B(2018), Windfield Holdings, etc. |
Medium HIP ESG
20 firms · avg HIP 0.378
Mid-band scores. Highest deal volume across consumer, industrial, and financial sectors.
| Rank | Company & ISIN | HIP Score | M&A Profile |
|---|---|---|---|
| 1 |
Henan Shuanghui
CNE000000XM3
|
0.383
|
PASS - WH Group subsidiary; international pork acquisitions |
| 2 |
Midea Group
CNE100001QQ5
|
0.383
|
CONFIRMED - KUKA €4.5B(2016), CLIVET, Toshiba HA, Arbonia 2024 |
| 3 |
Agricultural Bank OF China
CNE100000RJ0
|
0.381
|
PASS - SOE bank with overseas acquisitions 2016-2024 |
| 4 |
Ningbo Shanshan
CNE000000JJ8
|
0.381
|
PASS - battery anode/cathode acquisitions 2018-2023 |
| 5 |
Shai.yuyuan Tour.mart
CNE000000594
|
0.381
|
PASS - Fosun tourism subsidiary; Folli Follie, Club Med, etc. |
| 6 |
Yunnan Copper
CNE000000W13
|
0.380
|
PASS - copper mine acquisitions 2017-2024 |
| 7 |
Yunnan Baiyao Group
CNE0000008X7
|
0.380
|
PASS - TCM pharmaceutical acquisitions 2016-2023 |
| 8 |
West China Cement
JE00B3MW7P88
|
0.379
|
PASS - cement capacity acquisitions 2016-2024 |
| 9 |
Yangzijiang Shipbuilding
SG1U76934819
|
0.379
|
PASS - shipbuilding/financial acquisitions 2017-2024 |
| 10 |
Tbea
CNE000000RB8
|
0.379
|
PASS - power transformer and energy acquisitions |
| 11 |
Western Mining
CNE100000619
|
0.379
|
PASS - metal mining acquisitions 2016-2024 |
| 12 |
Cssc Sctc
CNE000000QR6
|
0.378
|
PASS - CSSC subsidiary; shipbuilding M&A 2016-2024 |
| 13 |
Huagong Tech.
CNE000001303
|
0.377
|
PASS - laser/industrial tech acquisitions 2016-2024 |
| 14 |
Ninestar
CNE1000007W9
|
0.377
|
PASS - Lexmark $3.6B(2016), Zhuhai Seine, imaging M&A |
| 15 |
China Cinda Asset Management 'h'
CNE100001QS1
|
0.375
|
PASS - distressed asset acquisitions 2016-2024 |
| 16 |
Huaneng Power Intl
CNE000001998
|
0.374
|
PASS - power plant acquisitions 2016-2024 (energy SOE) |
| 17 |
China State Con.engr
CNE100000F46
|
0.373
|
PASS - major construction SOE; infrastructure M&A globally |
| 18 |
Wens Foodstuff Group
CNE100002508
|
0.373
|
PASS - pork/poultry farm acquisitions 2016-2024 |
| 19 |
Zhejiang Century Huatong Group
CNE1000015R2
|
0.372
|
PASS - gaming acquisitions incl. T2CN, Yoozoo stake |
| 20 |
China Railway Con
CNE1000009T1
|
0.372
|
PASS - infrastructure SOE; global project M&A 2016-2024 |
Low HIP ESG
20 firms · avg HIP 0.155
Bottom ranks. Chemicals, energy resources, and capital-intensive infrastructure.
| Rank | Company & ISIN | HIP Score | M&A Profile |
|---|---|---|---|
| 1 |
Hubei Xingfa Chems
CNE000000ZC9
|
0.185
|
PASS - chemical acquisitions 2016-2024 |
| 2 |
Guanghui Energy
CNE0000012G4
|
0.172
|
PASS - energy resource acquisitions 2016-2024 |
| 3 |
Shanghai Lingang Holdings
CNE000000C74
|
0.170
|
PASS - port/logistics acquisitions 2016-2024 |
| 4 |
Wintime Energy Group
CNE000000WD4
|
0.169
|
PASS - coal/energy acquisitions 2016-2024 |
| 5 |
China Cssc Hdg
CNE000000W05
|
0.168
|
PASS - CSSC parent; major shipbuilding M&A |
| 6 |
New Guomai Digital Culture
CNE0000005N4
|
0.167
|
PASS - media/digital acquisitions 2016-2024 |
| 7 |
Shdg.buchang Pharms
CNE100002FV6
|
0.158
|
PASS - TCM pharma acquisitions 2016-2024 |
| 8 |
Dongxu Ot.technology
CNE000000578
|
0.157
|
PASS - optoelectronics acquisitions 2016-2021 |
| 9 |
Zhejiang Dly.dig.cul.gp.
CNE0000007X9
|
0.156
|
PASS - digital media acquisitions 2016-2023 |
| 10 |
Beijing Shiji Info.tech.
CNE100000668
|
0.155
|
PASS - hospitality tech acquisitions; Shiji InfoTech global |
| 11 |
Xinjiang Zhongtai Chemical
CNE000001PP0
|
0.153
|
PASS - chemical acquisitions 2016-2024 |
| 12 |
China Baoan GP
CNE000000222
|
0.151
|
PASS - conglomerate acquisitions 2016-2024 |
| 13 |
China Coal Energy
CNE100000957
|
0.147
|
PASS - coal mining acquisitions 2016-2024 |
| 14 |
Minmetals Capital
CNE0000016N1
|
0.146
|
PASS - metals/mining financial acquisitions |
| 15 |
Henan Shenhuo Caa.& Pwr.
CNE000001097
|
0.144
|
PASS - aluminum/power acquisitions 2016-2024 |
| 16 |
Doushen(beijing) Ed. &technology
CNE100000GX4
|
0.142
|
PASS - edtech acquisitions 2016-2023 |
| 17 |
China Hainan Rubber Ind. GP
CNE100000YM0
|
0.141
|
PASS - rubber/agri acquisitions 2016-2024 |
| 18 |
Fujian Star-net Comm
CNE100000QF0
|
0.139
|
PASS - telecom acquisitions 2016-2024 |
| 19 |
Jiangsu Yoke Tech
CNE100000PG0
|
0.138
|
PASS - tech acquisitions 2016-2024 |
| 20 |
Jiajiayue Group
CNE100002ZV4
|
0.137
|
PASS - retail acquisitions 2016-2024 |
top60_firm_list.xlsx
Microsoft Excel workbook · ~11 KB · Authored by Logan Lisowski, Rollins College, April 2026.