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.