A recent survey conducted by international consulting firm, PricewaterhouseCoopers has revealed that institutional investors and venture capitalists remain confident of Hong Kong's strategic importance for investment in Asia.
PwC questioned 232 corporate investors and venture capitalists, and found that some 74% believed that the SAR would play an important role in mergers and acquisitions on the Chinese mainland.
Speaking to the South China Morning Post earlier this week, the consulting firm's Corporate Finance Leader, Christopher Chan explained that:
'Hong Kong's sound legal system and financial structure will allow the SAR to act as a gateway for foreign investors to carry out acquisitions in China.'
The PwC poll also found that 58% of those questioned believe that M&A activity in Asia will pick up over the coming year, a far higher figure than during the first six months of this year.
According to the SCMP, 26% of respondents rated transparency as their main concern when doing deals, a result which is hardly surprising given the recent spate of corporate accounting scandals which have rocked the United States.
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