智通财经7月9日电，上海市经济信息化委印发《上海市促进高成长企业加快发展三年行动方案（2025- 2027年）》，其中提到，支持资源并购整合。支持独角兽企业通过兼并重组优化产业生态，促进技术进 步和自主创新。推动证券公司、资产管理公司、股权投资基金以及产业投资基金等参与企业兼并重组， 设立并购基金，向企业提供直接投资等融资支持。推动银行开展并购贷款业务，扩大贷款规模，合理确 定贷款期限，对兼并重组后的企业实行综合授信，支持企业跨国并购。 上海：支持独角兽企业通过兼并重组优化产业生态 促进技术进步和自主创新 ...

Core Viewpoint - The strategic investment of approximately 9 billion yuan by Baosteel Co., Ltd. in Maanshan Iron & Steel Co., Ltd. marks a significant step in the internal asset integration of China Baowu Steel Group, aimed at optimizing capacity layout and enhancing market influence in the steel industry [2][4][7]. Investment Details - Baosteel plans to acquire a 35.42% stake in Maanshan Iron & Steel for 5.139 billion yuan and simultaneously increase its capital by 3.861 billion yuan, resulting in a total investment of about 9 billion yuan [3][4]. - After the transaction, Baosteel will hold 49% of Maanshan Iron & Steel, becoming the second-largest shareholder, while Maanshan Iron & Steel will retain a controlling stake of 51% [4]. Industry Context - The steel industry has been facing challenges due to market supply-demand imbalances and fluctuating raw material prices, leading to a divergence in company performance [5][6]. - Baosteel has demonstrated strong resilience and profitability, with a reported revenue of 242.856 billion yuan in the first three quarters of 2024, a decrease of 4.77% year-on-year, and a net profit of 5.882 billion yuan, down 29.56% [5]. Strategic Implications - The investment is seen as a crucial part of China Baowu's internal asset integration strategy, which aims to address competition issues between Baosteel and Maanshan Iron & Steel and enhance overall industry consolidation [4][7]. - The collaboration is expected to optimize production capacity and improve product structure, as Baosteel's strengths in certain steel products complement Maanshan's capabilities in others [8]. Market Positioning - Baosteel's entry into Maanshan Iron & Steel is anticipated to strengthen its market presence in East China, enhancing its competitive edge and market share in the region [8]. - The investment aligns with Baosteel's strategic goals, allowing for better resource allocation and increased competitiveness in high-end steel products [8].