并购成为资本市场“热词”各方共话高质量发展新机遇

Group 1 - The 2025 Shanghai Stock Exchange International Investor Conference opened on November 12, focusing on the development of domestic and international M&A markets, M&A fund operations, and cross-border M&A by A-share companies [1] - Since the release of the "Six M&A Guidelines," over 1,000 M&A transactions have been disclosed by companies listed on the Shanghai Stock Exchange, with significant asset restructurings increasing by 138% year-on-year [2] - Half of the major asset restructurings since the "Six M&A Guidelines" have been technology-related, with a year-on-year increase of 287%, indicating a strong focus on emerging and future industries [2][3] Group 2 - The M&A market is currently characterized by a dual prosperity of control market and asset restructuring, with a notable increase in market-driven transactions and a decrease in "major shareholder injection" type transactions [3] - There is a unique "dual-driven" phenomenon in China's investment and M&A market, with mature enterprises entering a golden period for M&A and new leading companies emerging, providing growth investment and M&A opportunities [3][4] - The new "Foreign Investment Management Measures for Strategic Investment in Listed Companies" has led to foreign capital participating in over ten share issuances on the Shanghai Stock Exchange [4] Group 3 - M&A restructuring is seen as a crucial means for optimizing resource allocation and enhancing the quality and investment value of listed companies, presenting new investment opportunities for international investors [4][5] - As China transitions to high-quality development, industries are consolidating through M&A, with mature companies optimizing structures and capabilities, creating new windows for strategic investors [5] Group 4 - The Shanghai Stock Exchange is committed to creating a more suitable M&A restructuring institutional environment, enhancing service levels for international investors, and responding to investor demands [6][7] - Recommendations for improving cross-border M&A capabilities include strengthening professional talent teams, selecting specialized intermediaries, and enhancing post-merger integration capabilities [6]