Core Viewpoint - The merger and acquisition market is experiencing increased activity, with a rise in the number of cases involving listed companies engaging in absorption and restructuring, showcasing characteristics such as accelerated industry integration and diversified payment methods [1] Group 1: Mergers and Acquisitions - A recent cross-market merger case involves Zhenyang Development planning a significant asset restructuring with Zhejiang Huhangyong, where Zhejiang Huhangyong will issue A-shares to all shareholders of Zhenyang Development through a share swap [1] - The trend of traditional industries achieving new and old kinetic energy conversion through control transfer is evident, while cross-market mergers reflect the deepening interconnectivity of capital markets [1] Group 2: Market Dynamics - Industry integration across markets and sectors is a result of policy guidance, industrial upgrades, and market environment resonance [1] - Cross-market share swap mergers can provide target companies with access to another market's listing qualifications, alleviating financing pressures associated with mergers and reducing market concerns regarding the return of large-cap stocks [1] - This trend is expected to promote the convergence of valuations between A-shares and H-shares [1]