KPMG: Broaden horizons on M&As overseas

Chinese companies pursuing overseas expansion should widen their search for mergers and opportunities in Europe in sectors such as agriculture and design, said accounting firm KPMG.

As the world's largest energy consumer's appetite for resources grows, China's natural resource M&As have been growing in recent years, especially in North American oil and gas reserves.

However, there are still many good opportunities in Europe, which is worth attention from Chinese buyers, said Peter Fung, global chairman of KPMG's Global China Practice.