Stuck at eight-year-lows, recovery in Asian M&A activity rests on macro conditions

Stuck at eight-year-lows, recovery in Asian M&A activity rests on macro conditions

FILE PHOTO: Buildings of residential compounds are seen in Shanghai, China August 11, 2020. REUTERS/Aly Song

Stronger Asia-Pacific mergers and acquisitions activity next year depends on improving macroeconomic conditions, after 2022 deals were held at eight-year lows by financing costs, weak equity markets and China’s pandemic controls, dealmakers said.