Date
21 October 2018

HK companies’ 2013 overseas M&As to reach US$24 bln, PwC says

The value of overseas acquisitions by Hong Kong companies is expected to be on par with the US$24.3 billion level reached last year as the US tapers its bond purchases, PricewaterhouseCoopers Ltd. (PwC) said Thursday. The professional services firm also said innovation is expected to be the new source of growth in the coming years so government support and subsidies would help Chinese firms become international creators rather than followers of innovation. Richard Sun, head of PwC’s entrepreneurial group for Hong Kong and South China, said he expects environmental friendly and new energy industries are likely to be the big beneficiaries of subsidies.

– Contact HKEJ at [email protected]

AM/JP/SK

 

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