Hong Kong M&A deals fall 38.6% YoY in 9M24

It marked the lowest 9M record since 2012.

Hong Kong's mergers and acquisitions (M&A) market saw decreased activity in the first nine months of 2024, achieving only US$52.7b, down 38.6% YoY.

According to the London Stock Exchange Group (LSEG), the 9M24 record is the lowest nine-month total since 2012, when Hong Kong recorded US$43.2b.

Amongst sectors, Consumer Products & Services accounted for a chunk of the M&A deals in value (18.7%) with a total of US$9.8b.

Compared to 9M23, the sector's total was 59% higher.

High Technology industry came in second with US$7.8b, accounting for 14.8% of the market share.

Real Estate followed behind with a 13.3% market share, down 4.5% in value compared to 9M23.