---
title: "UBS: Expects M&A deal volume in Greater China to rebound by over 15% year-on-year next year, ending a three-year decline"
description: "UBS expects that the M&A transaction volume in the Greater China region will rebound by more than 15% year-on-year next year, ending a three-year decline, reaching a level of USD 381 billion. The main"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/221244466.md"
published_at: "2024-12-03T06:23:04.000Z"
---

# UBS: Expects M&A deal volume in Greater China to rebound by over 15% year-on-year next year, ending a three-year decline

> UBS expects that the M&A transaction volume in the Greater China region will rebound by more than 15% year-on-year next year, ending a three-year decline, reaching a level of USD 381 billion. The main driving factors include privatization, overseas mergers and acquisitions, and foreign companies selling their mainland businesses. The transaction volume is expected to be USD 325 billion this year, a year-on-year decrease of about 15%. Future focus will be on mergers and acquisitions related to the automotive and AI industries, as well as the transformation of old industries. Lu Suicheng stated that there is no hostile takeover atmosphere in Hong Kong, and foreign capital increases may be a precursor to pre-transaction buying

According to the Zhitong Finance APP, UBS Investment Bank's co-head of M&A for the Asia-Pacific region, Lu Suicheng, pointed out at a press conference that considering the stabilization of interest rates next year, the active privatization and private equity funds are expected to lead to a rebound in M&A transaction volume in the Greater China region, ending a three-year decline with a year-on-year increase of over 15%, returning to the 2023 level of USD 381 billion, mainly driven by privatization, overseas mergers and acquisitions, and foreign companies selling their mainland businesses. Among them, due to scale and financing costs, private equity transactions are expected to be driven by multiple funds; overseas mergers and acquisitions are likely to focus mostly on Europe, but it is estimated that most of the scale will involve less than USD 1 billion.

The bank expects that this year, the M&A transaction volume in the Greater China region will be CNY 325 billion, a year-on-year decrease of about 15%, marking a new low in 15 years.

Lu Suicheng described that there will be healthy growth next year and in 2026, but he does not expect to see the levels of CNY 600 billion to CNY 700 billion from 4 to 5 years ago, as the fundamentals of large mergers and acquisitions, such as financing costs and regulatory approval situations, have changed, and he believes this situation will continue for the next 3 to 4 years. He also pointed out that next year there will be more focus on mergers and acquisitions related to the automotive and AI industries, as well as the transformation of old industries. In addition, most mainland-based funds have had more inquiries about Southeast Asia and Japan in the past 12 to 18 months. Regarding mergers and acquisitions in the Middle East, he believes that transactions still tend to be joint ventures and asset allocations in the local Middle East.

As for whether the U.S.-China relations will advance transactions after the incoming U.S. President Trump takes office next year, he believes it still needs time to observe, but currently, there is no sign of accelerated mergers and acquisitions involving business restructuring or companies affected by tariffs.

When asked about the low valuation of Hong Kong stocks and the recent emergence of suspected takeover battles raising hostile takeover concerns, Lu Suicheng does not believe there is a hostile takeover atmosphere in Hong Kong, and that foreign capital increases may be pre-transaction buying, while hostile takeovers in Hong Kong are also difficult to execute

### Related Stocks

- [UBS.US - UBS Group AG](https://longbridge.com/en/quote/UBS.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 瑞银集团 - 瑞银 ETF Swtz A-Dis £ - 净资产值 | 瑞银集团 MSCI 瑞士 ETF 报告其截至 2026 年 2 月 16 日的每股净资产值（NAV）为 £26.3895。当前发行的总股份数为 3,266,590。该信息由伦敦证券交易所的新闻服务 RNS 提供，经过金融行为监管局的批准 | [Link](https://longbridge.com/en/news/276107038.md) |
| REG - 瑞银集团（IRL）FS UD06 £ - 净资产值 | 瑞银集团 ETFs plc 已宣布截至 2026 年 2 月 13 日的其彭博商品 CMCI SF UCITS ETF（GBP）对冲 A 类累积份额的净资产值（NAV）。每股净资产值为 17.0258 英镑，当前发行总股份为 4,693,3 | [Link](https://longbridge.com/en/news/276111259.md) |
| 沃尔玛四季度财报超预期但盈利指引不及预期，CEO 称 “美国低收入家庭只能勉强维持生计” | 沃尔玛 Q4 营收超预期，新财年盈利指引（每股 2.75-2.85 美元）远低于市场预期的 2.96 美元，显示通胀压力下消费者支出不确定性犹存，拖累股价下跌 1.38%。财报印证 K 型” 分化：高收入家庭驱动增长，低收入群体 “钱包吃紧 | [Link](https://longbridge.com/en/news/276398633.md) |
| 谷歌突然发布 Gemini 3.1 Pro：核心推理性能直接翻倍 | 谷歌发布了最新的大模型 Gemini 3.1 Pro，其推理性能较去年发布的 Gemini 3 Pro 翻倍。在 ARC-AGI-2 评测中，Gemini 3.1 Pro 得分 77.1%，显示出强大的推理能力。新模型支持多源数据综合和复杂 | [Link](https://longbridge.com/en/news/276396515.md) |
| GRAIL｜8-K：2025 财年 Q4 营收 43.6 百万美元超过预期 |  | [Link](https://longbridge.com/en/news/276379877.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.