China’s reopened borders may revive dealmaking

China’s reopened borders may revive dealmaking

14 days ago

SYDNEY: China’s reopened borders and renewed focus on boosting the sagging economy have brightened the deals outlook, with bankers starting to field interest for mergers, acquisitions and fundraising involving the world’s second largest economy.

The prospect of a revival in deals comes as Chinese policymakers try to restore private sector confidence and growth, which has been ravaged by the Covid-19 pandemic and a sweeping regulatory crackdown.

Although consumer, retail and travel-related firms are expected to bounce back after an almost three-year lockdown, advisers say sectors linked to strengthening China’s economic prospects will be at the centre of dealmaking this year.

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