HK’s deal volume drops 22.5% YoY in January-October 2023 period
The decline in deals was also observed across multiple APAC markets.
Hong Kong’s mergers & acquisitions (M&A), private equity and venture financing deals from January to October 2023 fell 22.5% compared to the same period in 2022, GlobalData reported.
According to GlobalData, Hong Kong was not the only market in Asia-Pacific to record a decline in deals.
Markets such as India (26.1%), Japan (17.3%), Australia (22.3%), South Korea (29.5%), Singapore (21.3%), Indonesia (38.7%), and New Zealand (17%) also recorded YoY decline in volume.
Activity in the entire region also fell during the period, dropping 19.5% YoY to 11,881 deals.