More Hong Kong, mainland executives plan additional investment in China
Survey says 73pc of execs either ‘very’ or ‘somewhat’ confident of revenue growth over coming 12 months
A latest study by PwC says more executives from the mainland and Hong Kong plan to increase investment in the former, while stressing they are feeling growing pressure to improve their bottom lines amid the economic slowdown.
The annual survey found 59 per cent of mainland and Hong Kong executives are planning to increase their mainland holdings in the coming year, compared with 54 per cent at the same stage last year.
Encouragingly, 73 per cent of executives said they were either “very” or “somewhat” confident of revenue growth for their business over the coming 12 months, compared with 69 per cent a year ago.
The report said the mainland continues to be the world’s largest growth market, and that it is competing well with the United States as a top destination for cross-border investment from the Asia Pacific region.
The opinions were gathered between May and July from 1,100 executives across the region’s 21 economies, including 222 from the mainland and Hong Kong.
“China’s scale and skills mean concerns about its slower economic growth are not enough to put business leaders off investment and expansion,” said Raymund Chao, PwC’s Greater China chairman.