上周和几个朋友聚餐，点单结账时，我习惯性地掏出手机准备扫码支付。这时候，90后的小王却从钱包里抽出几张红色的毛爷爷，递给了服务员。看到我惊 讶的表情，他笑着说："最近我都尽量用现金，感觉更有控制感。" 这让我很意外，在移动支付如此普及的今天，年轻人竟然"倒退"回去用现金？回家后我在社交平台上发起了一个小调查，结果更让我吃惊：在参与的500多 名95后、00后年轻人中，超过30%表示近半年来增加了现金使用频率，其中12%的人表示"经常使用现金"。 这与我们熟知的数据形成了鲜明对比。根据支付清算协会发布的《2024年中国移动支付发展报告》显示，截至2024年底，中国移动支付用户规模已达9.6 亿，移动支付普及率高达93.8%。而在2025年第一季度的最新数据中，移动支付交易规模同比增长8.7%，增速却较2024年同期下降了3.5个百分点。这是否意 味着移动支付增长见顶，现金消费正在悄然回潮？ 应对技术故障和特殊场景。随着对移动支付依赖度的提高，技术故障带来的不便也日益凸显。网络信号不稳定、手机没电、系统升级维护等问题，都可能导 致支付失败。29岁的市场专员王女士表示："去年一次出差，手机突然没电了，身上没带现金， ...

Group 1 - The A-share market has seen increased activity in mergers and acquisitions (M&A) since the release of the "Six M&A Guidelines," with over 200 new major asset restructuring projects disclosed [1] - A notable feature of this M&A wave is the diversification of payment methods, with companies utilizing shares, convertible bonds, private placements, acquisition loans, and M&A funds [1] - The new policies, including the "National Nine Articles," "Sci-Tech Innovation Board Eight Articles," and "Six M&A Guidelines," encourage listed companies to use various payment tools for M&A [1] Group 2 - Listed companies can use refinancing funds as a source for acquisition financing, often disclosing refinancing plans alongside acquisition proposals [2] - For example, Lingyun Optical announced a cash acquisition of JAI A/S for €1.03 billion and subsequently disclosed a fundraising plan of 785 million yuan to cover the transaction [2] - The financial regulatory authority has relaxed M&A loan requirements, increasing the loan cap from 60% to 80% of the transaction price for controlling acquisitions [2] Group 3 - The introduction of M&A funds has become a significant method for companies to alleviate financial pressure and enhance the success rate of acquisitions [3] - Companies are also employing installment payment mechanisms for acquisition consideration, such as the earn-out mechanism used by Shengxiang Biology in its acquisition of a 100% stake in a biopharmaceutical company [3] - Recent revisions to restructuring management regulations have formalized the installment payment of share consideration, extending the validity period of registration documents to 48 months [3]