Xin Lang Zheng Quan·2025-11-12 11:56Core Viewpoint - The new strategic investment regulations create favorable conditions for both Chinese companies going abroad and foreign companies entering China, enhancing cross-border mergers and acquisitions [1] Group 1: Strategic Investment Regulations - The new regulations, titled "Management Measures for Strategic Investment by Foreign Investors in Listed Companies," facilitate cross-border equity swaps, making it easier for Chinese companies to engage in deeper cross-border industrial cooperation [1] - The implementation of the new regulations is expected to benefit Chinese companies in finding foreign partners for joint acquisitions and developments, allowing foreign partners to gain liquidity through equity swaps at the listed company level [1] Group 2: Cross-Border M&A Trends - Historically, the company's M&A business has been evenly split between domestic and cross-border transactions, with cash being the primary payment method for cross-border projects [1] - The shift towards more convenient cross-border equity swaps is anticipated to enhance the attractiveness of cross-border collaborations for Chinese enterprises [1]