跨境并购市场持续回暖，2025年总规模同比翻倍

Core Viewpoint - The recent issuance of the "Guangdong Province Financial Support for Enterprises to Carry Out Industrial Chain Integration and Mergers Action Plan" signals a favorable policy environment for cross-border mergers and acquisitions (M&A) in China, with various initiatives aimed at enhancing cross-border integration and collaboration with Hong Kong and Macau capital [1] Group 1: Policy Developments - The plan includes measures such as exploring the establishment of cross-border integration and merger funds with Hong Kong and Macau capital [1] - Other cities like Shenzhen and Shanghai have also released favorable policies for cross-border M&A, indicating a broader trend across the country [1] Group 2: Market Trends - The cross-border M&A market is experiencing a resurgence, characterized by more rational target selection, flexible acquisition models, and diversified target regions [1] - From early October 2024 to the present, Chinese companies have disclosed 182 outbound M&A events, totaling 177.25 billion yuan [1] - In 2025 alone, 142 deals have been disclosed, with a total scale of 156.85 billion yuan, representing a year-on-year doubling in activity [1] Group 3: Role of Companies - Listed companies are playing a significant role as the main force in these M&A activities, highlighting their importance in the current market dynamics [1]