Private equity videos

Proposal to extend the offshore private equity fund tax exemption to Hong Kong business

Proposal to extend the offshore private equity fund tax exemption to Hong Kong business

Currently, offshore private equity funds can only enjoy a tax exemption for investments into companies outside Hong Kong, which puts Hong Kong startups at a disadvantage and is also not helpful to attract private equity funds to set up office in Hong Kong. The Hong Kong Financial Services Development Council ("FSDC")'s paper looks at what the limitations are currently, and proposes changes to the rules such that Hong Kong can increase its competitiveness and flourish as Asia’s leading asset management centre. Florence Yip, Asia Pacific Financial Services Tax Leader, explained more.

M&A 2016 review and 2017 outlook

M&A 2016 review and 2017 outlook

In 2016, we saw record levels of activity for China M&A, both in terms of deal values and the volume of transactions. The growth in the number of transactions was largely driven by financial buyer activity (+38%) and a 142% jump in outbound M&A. Both categories reached new record highs. In value terms, China outbound M&A grew by an astounding 246% - nearly 3.5 times the previous record set at the end of 2015. There were 51 outbound transactions valued at over US$1 billion - more than double the previous record.

M&A 2015 mid-year review and outlook

M&A 2015 mid-year review and outlook

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. Booming stock markets, consolidation across sectors and ongoing reform of State-owned Enterprises (SOEs) combined to produce this record. Domestic M&A was the main driver - it was up 60% by value on the previous six months. The value of private equity deals also grew strongly (+62%). The total number of transactions - at 4,559 - was 10% higher than the record levels achieved in the second half of 2014.

M&A 2014 review & 2015 outlook

M&A 2014 review & 2015 outlook

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. But real estate remained the biggest single sector by value, as developers sought new sources of capital. Private equity (PE) and financial buyers also saw their largest ever amount of capital deployed on new investments at US$73 billion, up 101% on 2013.

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