Group 1 - Goldman Sachs President Waldron expressed increased optimism regarding the outlook for mergers and acquisitions (M&A) due to a wave of consolidation across industries and private equity-backed transactions potentially accelerating [1] - In the first seven months of this year, global M&A deal volume reached $2.6 trillion, marking the highest level for the same period since the pandemic peak in 2021 [1] - Waldron noted that the Federal Reserve's interest rate cuts will further stimulate M&A activity by lowering corporate funding costs [1] Group 2 - The economic fundamentals are considered quite strong, particularly in the United States, although trade and geopolitical factors pose headwinds for the global economy [1] - Waldron warned that the long-term fiscal situation in the U.S. is unsustainable, suggesting that better control of spending would benefit the health of the U.S. economy and system in the medium to long term [1]

Group 1 - Starbucks China is in the process of selling its equity, with shortlisted bidders including Carlyle Group, EQT, Sequoia China, and Boyu Capital, among others [1] - Over 20 institutions expressed interest in acquiring Starbucks China, including Luckin Coffee's shareholder Dazhong Capital and tech giant Tencent [1] - The transaction agreement is expected to be reached by the end of October, although specific negotiations have not yet begun [1][2] Group 2 - The valuation of Starbucks China is currently estimated at $5 billion, significantly lower than the previously mentioned $10 billion [2] - The high valuation was attributed to Starbucks China's strong performance in the second quarter, with a year-on-year revenue growth of 8% to $790 million [2] - The potential buyers may form a consortium, including both internet giants and private equity firms, to acquire Starbucks China [2] Group 3 - EQT, a private equity giant, has a strong track record in mergers and acquisitions, with single investments typically ranging from €5 billion to €15 billion [3][4] - EQT's assets under management globally are approximately €270 billion, with €25 billion managed in Asia, primarily acquired through the purchase of BPEA [3] - The leadership team at EQT Asia is noted for their expertise in acquisitions, holding shares obtained through previous purchases, which positions them as significant stakeholders [3]

与常规的证券交易所不同，PISCES的投资者可能需要在售股企业自行规定的特定时段进行交易。英国监管表示，市场监控权将交由运营平台通过所谓的"问 询模式"来执行，官方刻意不对这一环节作出明确规定。监管人士表示，此举的核心理念是尽可能减少对私募市场现有运作方式的干预，未上市公司及其股 东向来需要在缺乏证券监管安全网的情况下自行摸索相处之道。 监管要求与风险提示 英国金融监管表示，根据行业的意见反馈，已经降低在PISCES平台出售股票的信批要求，例如公司仅需公开持股25%及以上的股东信息。与全面上市不 同，使用该平台售股的企业无需定期发布财报，主板市场的内幕交易规定也不会以同样的方式适用。参与公司仅需在交易窗口开启前提供核心信息，但不需 要向投资者通报重大诉讼事项、前瞻指引和业务战略。 英国金融行为监管局与财政部经济事务秘书发布联合声明，宣布该国将在今年下半年推出非上市私营企业的股权交易市场。这个名为"间歇性私有证券与资 本交易系统"的市场，旨在为不想上市或未达到上市标准的企业提供股权交易平台。随着越来越多的企业选择延长私有化状态，导致早期投资者需等待更长 时间才能退出，私募股权交易的需求正变得愈发旺盛。政策制定者 ...