Asia Pacific posted the strongest growth in M&A volume for the first half of 2025, recording a 97% year-on-year rise to US$572 billion, according to a research by Mergermarket.
The growth, which came despite a 6% decrease in the number of transactions, is attributed to the unwinding of several Japanese cross shareholdings in Toyota affiliates and injections of capital into four Chinese banks.
Buyouts in the Asia Pacific region also surged 168% to US$84.4 billion, but saw a decline in deal count, falling 7% to 185 buyouts.
According to the study, Hong Kong's deal volume soared sevenfold to US$25 billion, driven by Hutchinson Port's US$19.2 billion transaction, though the deal faces completion uncertainty amid geopolitical and regulatory headwinds.
Combined, China and Hong Kong accounted for 44.8% of the region's deal volume, a climb from 35.2% a year earlier.
