2 1 Shi Ji Jing Ji Bao Dao·2025-06-06 07:29Group 1 - Institutional investors are accelerating proactive layouts through merger funds under the backdrop of policy guidance and restructuring exit paths [2][4] - China Pacific Insurance officially launched a merger fund with a total scale of 50 billion yuan, focusing on key areas of state-owned enterprise reform and modern industrial system construction in Shanghai [2][5] - The establishment of the merger fund matrix in Shanghai is a key layout in the construction of state-owned capital merger funds, aiming to enhance core functions and promote high-quality mergers in emerging industries [5][6] Group 2 - The Shanghai State-owned Assets Supervision and Administration Commission is promoting the establishment of multiple merger funds related to market value management and key industries [3][4] - The newly formed merger fund matrix involves state-owned enterprises, financial institutions, and platform companies, focusing on various sectors including integrated circuits, biomedicine, and high-end equipment [5][6] - The Shanghai biomedicine merger fund has completed its first closing, with investments from leading enterprises and financial institutions, indicating strong market interest in mergers and acquisitions in this sector [5][6] Group 3 - The current environment is seen as a strategic window for promoting technology mergers, with Shanghai's advantages making it a key platform for industrial collaboration and innovation [7][8] - Insurance capital is becoming an important force in the merger market, characterized by long cycles and strong capital stability, facilitating collaboration with leading enterprises [7][8] - The trend of viewing mergers as a primary exit strategy is gaining consensus among investment institutions, reflecting a shift in focus towards the feasibility of mergers as a means of achieving returns [9]