In less than six months of 2016, China's appetite for overseas acquisitions has already outgrown last year's record, as deal-hungry mainland buyers chase global assets such as real estate, chemicals and high-end technology.
China National Chemical's $43 billion bid for Swiss agrichemicals maker Syngenta makes up almost 40 percent of this year's $111.6 billion total, but even without that deal the pace has quickened.
Bankers and lawyers say there could, however, be some slowdown in the second half, as mainland buyers face heightened scrutiny at home and abroad.
China International Capital, the country's biggest investment bank, expects outbound deals to hit $150 billion this year.
Chinese acquirers announced $111.5 billion worth of deals in 2015 from 632 transactions, according to Thomson Reuters data. Completed deals, on which banks are paid fees, last year stood at $73 billion, compared with $45.6 billion so far this year.