HK sees 3.6% decline in deal activity in 2024

Markets such as China, Singapore, and Malaysia also saw declines in deal volume.

Hong Kong saw a 3.6% decline in deal activity in 2024, contributing to the overall 1.4% drop in the Asia-Pacific (APAC) region, according to GlobalData.

The region recorded 14,621 mergers & acquisitions (M&A), private equity, and venture financing deals, down from 14,829 in 2023.

Other markets in APAC, such as China, Singapore, Malaysia, Indonesia, and New Zealand saw declines in deal volume by 20.8%, 13%, 10.6%, 33.7%, and 8.2%, respectively, in 2024.

However, several key markets, including India, Japan, Australia, South Korea, and Thailand, showed positive growth. India’s deal volume rose by 13.7%, Japan saw an increase of 30.2%, and South Korea and Thailand grew by 8.2% and 6.5%, respectively.

The trend across different deal types remained mixed for the APAC region. M&A activity grew by 5.9% in 2024, but private equity and venture financing deals saw year-on-year declines of 8.8% and 8.9%, respectively.