According to a PricewaterhouseCoopers (PwC) report, because of more Chinese Financial institutions expanding their business, the financial services M&As in Asia will be more active.

215 senior financial services executive, of which 20% come from the Chinese mainland and Hong Kong, finished the survey.

The survey showed that comparing with 2008, the figure of respondents intending to make an acquisition increases 4% this year. Most Chinese mainland and Taiwan respondents like to use M&A deals.

Nelson Lou, transaction partner, PwC, said that the keenness in China should owe to stronger balance sheets and fewer use of outbound M&A activity in the past few years. Read more…

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Asia, business, China, economy, Hong Kong, M&A, service

In spite of a 14% growth during the first six months, when over 920 merger and acquisition deals worth $46 billion were transacted in that period, there have been only 543 M&A deals announced in this period.

Based on a report from accounting firm PricewaterhouseCoopers, the M&A deals have decline nearly 47% from July to November.

The accounting firm expects the situation won’t change in the first half of 2009 as pricing expectations align.

According to Xie Tao, Read more…

Popularity: 3% [?]

China, economy, Financial crisis, investment, M&A