Chinese MA is going to have a record year, according to PricewaterhouseCoopers. The firms says the aggregate value of announced MA in China and Hong Kong hit $26 billion in the first half - an increase of 168% over the same period last year - and predicts that full year issuance will be $70 billion.
We believe the second half of this year is going to be very strong based on what we are seeing in China, says Jim Woods, PWC's transaction services partner. Woods acknowledges that some of the $70 billion of predicted activity will result from restructurings and asset injections, but estimates that two thirds...
