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Mergers and acquisitions more than tripled in Asia Pacific as China opens up

The Asia Pacific will likely remain an active place for mergers and acquisitions in the financial sector in 2021 due to stronger post-pandemic recovery, opening up of markets, and a growing pool of fintech startups seeking funding, according to S and P Global Market Intelligence report.

April 08, 2021 | Wendy Weng
  • Mainland China and Hong Kong remained top destinations for financial services M&A deals in the Asia Pacific region, followed by India and Australia
  • More foreign firms participated in M&A deals in China due to the opening up of  its financial sector
  • Growing fintech demand is a key driver of financial services M&A activity

Merger and acquisition activity in Asia Pacific (APAC) has been active, fuelled by the growth prospects and promising returns. Despite the COVID-19 pandemic, APAC saw a considerable growth in the number of M&A deals in the financial services industry. It is recovering faster from the pandemic compared to other regions and will remain a hot market for financial services M&As.

M&A deals in financial services industry accelerated in APAC

Overall, the M&A market saw some rebound in activity in the second half of 2020. In APAC, the financial services industry’s M&A tripled to 255 deals in 2020, from 76 in 2019, according to S&P Global Market Intelligence data. This includes four sectors, namely, banks, nonbanking financial institutions (NBFIs), specialty finance, and insurance. In the NBFI sector, the number of deals increased from 41 a year earlier to 145, accounting for 57% of total deals. In the banking sector, the number of deals was up from 5 to 21.

Mainland China and Hong Kong accounted for 38% of the total deal count and remained the top destinations of M&A deals. India and Australia are the next favourite M&A targets. The number of announced deals in mainland China and Hong Kong went up by 148% in 2020, while some other markets such as India, Australia and Japan experienced more significant growth. Among the buyers in financial services M&A deals in the region, 90.5% were based in APAC.

China...

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Keywords:Mergers And Acquisitions, Fintech, Investments, Technology


Mergers and acquisitions more than tripled in Asia Pacific as China opens up

The Asia Pacific will likely remain an active place for mergers and acquisitions in the financial sector in 2021 due to stronger post-pandemic recovery, opening up of markets, and a growing pool of fintech startups seeking funding, according to S and P Global Market Intelligence report.

April 08, 2021 | Wendy Weng
  • Mainland China and Hong Kong remained top destinations for financial services M&A deals in the Asia Pacific region, followed by India and Australia
  • More foreign firms participated in M&A deals in China due to the opening up of  its financial sector
  • Growing fintech demand is a key driver of financial services M&A activity

Merger and acquisition activity in Asia Pacific (APAC) has been active, fuelled by the growth prospects and promising returns. Despite the COVID-19 pandemic, APAC saw a considerable growth in the number of M&A deals in the financial services industry. It is recovering faster from the pandemic compared to other regions and will remain a hot market for financial services M&As.

M&A deals in financial services industry accelerated in APAC

Overall, the M&A market saw some rebound in activity in the second half of 2020. In APAC, the financial services industry’s M&A tripled to 255 deals in 2020, from 76 in 2019, according to S&P Global Market Intelligence data. This includes four sectors, namely, banks, nonbanking financial institutions (NBFIs), specialty finance, and insurance. In the NBFI sector, the number of deals increased from 41 a year earlier to 145, accounting for 57% of total deals. In the banking sector, the number of deals was up from 5 to 21.

Mainland China and Hong Kong accounted for 38% of the total deal count and remained the top destinations of M&A deals. India and Australia are the next favourite M&A targets. The number of announced deals in mainland China and Hong Kong went up by 148% in 2020, while some other markets such as India, Australia and Japan experienced more significant growth. Among the buyers in financial services M&A deals in the region, 90.5% were based in APAC.

China...

Please login to read the complete article. If you already have an account, you can login now or subscribe/register.

Categories:

Keywords:Mergers And Acquisitions, Fintech, Investments, Technology


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