The value of January merger and acquisition deals related to Chinese companies totaled $57.5 billion, an 11-month high, ChinaVenture Group reported on Thursday.

The report said 184 deals were made in January in the Chinese M&A market, a month-on-month increase of 33 percent. The value totaled $57.5 billion, a 316 percent increase month-on-month.

The largest deal announced in the month centered on Petrochina's negotiations for Exxon Mobil's 60 percent stake in the $50 billion West Qurna-1 oilfield in Iraq, the report said.