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Pillsbury Conducts Survey of Mid-Market Chinese Companies

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Written by Michael Wu

Pillsbury recently conducted a survey of nearly 200 individuals involved in operating and investing in mid-sized Chinese companies.  The results revealed that 55% expect to seek financing within the next 24 months and 43% expect to do so this year.  The survey also confirmed that Chinese executives believe that the U.S. still offers the most opportunities for foreign expansion.  Thirty-eight percent of respondents said the U.S. and Canada offer the most opportunities for foreign expansion, while 26% said that other parts of Asia, including Australia and New Zealand, offered the most opportunities, and 11% favored Latin America.  In terms of capital market financing, Chinese executives felt by a wide margin (42%) that an IPO or other public offering was the most effective way to raise capital, followed by a PIPE transaction (24%) and bank financing (22%).  Just 12% thought a convertible debt financing the most effective.  Please click here to view our press release and here to view the full survey.