Post-Covid growth encourages booming domestic and international dealmakers

China and Hong Kong are both bouncing back from the Covid-19 pandemic, with China (the only major economy to see growth in 2020) expected to grow 8.1% in 2021 while Hong Kong’s economy attains 3.5%-5.5%. The economic optimism is translating into greater deal activity, notably in infrastructure and construction. China and Hong Kong recorded a total of 963 deal announcements (compared with 815 for the same period in 2020) worth US$296.4bn – an 88.5% year-on-year increase.

China’s domestic activity grew to near record levels in H1. Regional domestic deal value totaled US$276.4bn in H1 and the deal announcements were almost double the number in H1 2020. Hong Kong also saw domestic activity ramp up in H1, with significant consolidation.

US buyers are flocking to China while Hong Kong is attracting European interest and the technology sector is second only to construction as the main attraction. To find out more, download the trend report below.

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