China will overtake London and New York by 2025 to become the preferred destination for companies around the world to raise equity capital, according to a survey conducted by PricewaterhouseCooper PwC.
Nearly 80% of respondents said China would be the most favoured place for fundraising by 2025, and the same number also said that Chinese exchanges would raise more capital than any other international exchanges through initial public offerings, showed the survey, which included responses from almost 400 executives worldwide in August.
The report, titled Capital Markets in 2025, showed that London and New York are still regarded as the leading financial centres...
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