Core Viewpoint - The number of IPOs in A-shares in 2024 reached only 100, the lowest in a decade, leading many companies to shift towards mergers and acquisitions (M&A) as a means to enter the capital market [1]. Summary by Sections M&A Practical Manual Overview - The "M&A Practical Manual" consists of 342 pages and 173,000 words, covering 11 chapters that outline the operational key points and common issues from the perspectives of buyers, sellers, and intermediaries in M&A [4]. Chapter Highlights - **Chapter 1**: Discusses the importance of communication and understanding between buyers and sellers to avoid failures in M&A due to information asymmetry [11]. - **Chapter 3**: Focuses on the design of M&A plans, including considerations for acquisition ratios, methods, operational cycles, performance guarantees, and termination conditions [18]. - **Chapter 4**: Introduces four common pricing methods and three evaluation methods, detailing six aspects to consider when setting performance guarantees [19]. - **Chapter 5**: Explores payment methods in M&A, discussing cash payments, stock payments, and zero acquisitions, along with their advantages and disadvantages [23]. - **Chapter 6**: Emphasizes negotiation strategies in M&A, outlining necessary preparations and tactics for effective negotiation [25]. - **Chapter 9**: Provides insights into the operational logic of acquisitions and major asset restructurings, detailing various acquisition methods such as tender offers and management buyouts, supported by case studies [27][29]. - **Chapter 10**: Focuses on case studies to highlight key points in major asset restructuring, including share lock-up arrangements [10][31]. Additional Considerations - The manual also addresses the role of government subsidies in M&A, emphasizing the need for buyers to consider local government support policies and potential disputes regarding resource allocation post-acquisition [14].

Core Viewpoint - The article highlights promotional membership offers and educational courses related to investment banking and corporate finance, emphasizing significant discounts and a variety of learning opportunities for professionals in the field [2][4][6]. Membership Offers - Various membership options are available at discounted prices, including: - Annual Card: ¥4099, now ¥2799 - Semi-Annual Card: ¥2599, now ¥1799 - Honor Card: ¥1499, now ¥999 - Monthly Card: ¥699, now ¥599 [1]. Educational Courses - A range of courses is offered for free or at reduced prices, covering essential topics in investment banking and corporate finance, such as: - Mergers and Acquisitions Practicalities - Corporate Compliance Practices - Private Equity Fund Practices - AI Applications in Investment Banking [4][7][8]. - Specific courses include: - Mergers and Acquisitions with 140 case studies (4.9 hours) at ¥199.5 - Corporate Governance Compliance Issues (1.5 hours) at ¥84.5 - Financial Valuation Modeling from beginner to advanced (7.4 hours) at ¥149.5 [7][8]. Promotional Period - The promotional period for membership and courses runs from June 19 to June 26, with special pricing for two-year memberships at ¥3299 [2][8].

近年来，资本市场瞬息万变，监管机构持续发力，对公司合规运作提出了更高的要求。因此， 充分了 解市场动态、具备完善的知识体系并拥有管理实务经验 的董监高是目前市场上的稀缺人才。 那么，企业如何培养适合自己的、专业可靠的"资本运营大管家"？公司董监高又该从哪些方面提升自己 以应对各种的挑战和压力？我们在这里为大家梳理了一些 董监高必备的专业知识 ： 1 了解资本市场法律体系 | | | 控股股东的法律地位 | | --- | --- | --- | | | 控股股东 | 《公司法》对控股股东的具体要求 | | | | 控股股东在主要法律关系中的重要行动 | | | | 控股股东相关实务问题案例分享 | | | 。小股东的法律地位 | | | | | 新《公司法》对小股东的保护体系 | | 公司法》 修订对控股股东、 | 小股东 | 小股东相关实务问题案例分享 | | 小股东、董监高的影响 | 小股东的权利与责任 | | | | 小股东的保护机制 | | | | | 董监高的法律地位及履职 | | | | 新《公司法》对董监高的归责体系 | | | 董监营 | 董监高相关实务问题案例分享 | | | | 董监高的履 ...