Asian finance firms are more optimistic on acquisitions: PwC

About 42 percent of financial institutions in the region expect to make an acquisition over the next year, compared with 38 percent a year earlier, according to a PwC survey of 215 senior executives conducted in Jan. and Feb. Still, 83 percent of the respondents expect the global credit crunch and economic slump to last for another one to two years.

Financial firms in China and Australia are more confident than rivals in other regions because of their “comparatively stronger balance sheets and lower levels of outbound M&A activities in recent years,” Nelson Lou, a Beijing-based partner at PwC, said in the statement.

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