Refinitiv路孚特·2025-10-16 06:02Core Insights - The total M&A transaction value in mainland China reached $340.2 billion in the first three quarters of 2025, representing a year-on-year increase of 80.3% but a quarter-on-quarter decline of 29.9% [2] - The number of announced transactions was 3,791, which is a 10.5% increase year-on-year and a 9.3% increase quarter-on-quarter [2] Cross-Border M&A - The total value of outbound M&A from mainland China was $18.1 billion, marking a year-on-year increase of 29.6% [5] - Foreign acquisitions of mainland Chinese companies totaled $11.6 billion, a decrease of 28.2% compared to the previous year [5] - Domestic M&A transactions dominated with a scale of $300.5 billion, showing a significant year-on-year growth of 106.3% [5] Industry Distribution - The financial sector led the M&A market in mainland China with a market share of 25.7% and a total transaction value of $87.4 billion, reflecting a year-on-year increase of 270.2% [8] - The energy and power sector held a market share of 17.5%, with a year-on-year growth of 193.4% [8] - The high-tech sector followed closely with a market share of 16.1% ($54.9 billion), experiencing a year-on-year increase of 108% [8] Financial Advisor Rankings - CICC ranked first among financial advisors with a market share of 16.1% (involved in transactions worth $54.8 billion) in the first three quarters of 2025 [11] - CITIC Securities held the second position with a market share of 15.1%, while Goldman Sachs ranked third with a market share of 12.2% [11] - In terms of transaction volume, CICC, ICBC, and CITIC Securities were the top three [11] Legal Advisor Rankings - The top three law firms by transaction value in the first three quarters of 2025 were Yingke Law Firm, King & Wood Mallesons, and JY Law Firm [13] - In terms of transaction volume, Fangda Partners, King & Wood Mallesons, and JunHe Law Firm led the rankings [13]