This Greater China2016 IPO Watch provides an overview of the initial public offerings (IPOs) and listing activities on Greater China's principal stock markets, including Hong Kong, Shanghai, Shenzhen and Taiwan. The analysis covers companies which were listed on these markets from 1 January to 31 December 2015.
In 2015, China's private equity (PE) deployed the largest ever amount of capital on new investments with a total of US$192.1 billion, up 169% on 2014. In total, PE/VC deal values compared to 2014 had grabbed 48% world market share, while globally there was only a nearly 18% increase.
Last year saw record levels of activity for China M&A, as economic transformation drove domestic strategic M&A. PE and Outbound M&A activity also grew strongly: overall deal volume was up 37% and values rose 84% to reach US$734 billion. There were 114 deals worth over US$1 billion - a new record.
PwC's 2015 M&A Mid-Year Review and Outlook reveals that activity in the first half of the year surged 57% compared to the second half of 2014. The total M&A value of US$352 billion was by far the highest half-yearly total recorded.
The Hong Kong Government gazetted the Inland Revenue (Amendment) (No. 2) Ordinance 2015 (the Ordinance) on 17 July 2015, extending the profits tax exemption for offshore funds to private equity (PE) funds.
PwC's analysis of investor attitudes to responsible investment in the private equity industry - explores Limited Partners (LPs) and their attitudes to Environmental, Social and Governance (ESG) investment issues.
The Hong Kong Government published the Inland Revenue (Amendment) Bill (the Bill) 2015, which extends the current profits tax exemption for offshore funds to private equity funds in the Gazette on 20 March 2015. The Bill will be introduced into the Legislative Council on 25 March 2015.
This Greater China IPO Watch provides an overview of the initial public offerings (IPOs) and listing activities on Greater China’s principal stock markets, including Hong Kong, Shanghai, Shenzhen and Taiwan.
In 2014, China's private equity (PE) deployed their largest ever amount of capital on new investments with a total of US$73 billion, up 101% on 2013. There were also a record 593 PE deals in 2014, up 51% on the previous year.
China merger and acquisitions (M&A) activity reached record highs in 2014, both in terms of the number of deals (6,899) and their total value (US$407 billion). Technology, consumer-related and financial services were important sectors, partly reflecting the development of the broader economy.
|Jan 2015||Proposals to extend the Hong Kong offshore fund exemption regime|
|May 2014||MoneyTree™ China Telecommunications, Media and Technology (TMT) Report - Q3 / Q4 2013|
|Oct 2013||Global PE responsible investment survey 2013|