Refinitiv路孚特·2025-04-09 12:16Core Insights - In Q1 2025, the total M&A transaction value involving mainland China reached $124.9 billion, marking a 111.6% increase year-over-year and a 15.9% increase quarter-over-quarter [1] - The number of announced transactions was 935, which represents a decline of 11.3% from the previous quarter and a 43.7% decrease from the same period last year [1][3] Summary by Category M&A Activity - Chinese companies' outbound acquisition value reached $4 billion, a 62% increase compared to the same period last year [3] - Foreign companies' acquisitions of mainland Chinese companies totaled $1.9 billion, down 32.8% year-over-year [3] - Domestic M&A activity in mainland China was robust, totaling $116.8 billion, up 131.3% year-over-year [3] Industry Performance - The financial sector dominated M&A activities involving mainland China, accounting for 57.97% of the market share with a total transaction value of $72.4 billion, a staggering 977.3% increase year-over-year [5] - The high-tech sector followed with an 11.83% market share, growing 43.2% year-over-year [5] - The energy and power sector ranked third, with a market share of 9.56% and a transaction value of $11.9 billion, reflecting a 319.3% increase year-over-year [5] Leading Financial Advisors - Goldman Sachs led the M&A transaction rankings for Q1 2025 with a market share of 14.78% and a total transaction value of $18.5 billion [8] - JPMorgan Chase ranked second with a market share of 14.22%, while Cailin Capital secured third place with a 13.33% market share [8] Legal Advisors - Sullivan & Cromwell, White & Case LLP, and JY Law Firm were the top three legal advisors in Q1 2025 for M&A transactions involving mainland China [10] - Sullivan & Cromwell had a transaction value of $95.5 million, representing a market share of 7.6% [11]