Core Insights - The merger and acquisition (M&A) market in China is facing historic opportunities as the macroeconomic environment enters a new cycle, with significant changes in the logic of overseas acquisitions by Chinese companies [1][3]. Group 1: Market Conditions - The current international political and economic environment is turbulent, creating both opportunities and challenges in the primary and secondary markets, which in turn generates substantial opportunities in the M&A market [3]. - Challenges in investment, fundraising, management, and exit strategies are prevalent, with factors such as a scarcity of quality targets, significant valuation gaps, fundraising difficulties, a slowdown in IPOs, and the macroeconomic environment affecting the market [3]. Group 2: Strategic Importance of M&A - M&A not only aids in the development of individual companies but also positively impacts the entire industrial ecosystem by accelerating industry extension, achieving resource integration and synergy, reducing operational costs, and expanding market share [3][4]. - The Chinese M&A market is still in its early development stage, with significant growth potential, as both transaction volume and value remain far below that of the mature U.S. market [3]. Group 3: Future Outlook - Factors such as the Belt and Road Initiative will drive M&A and investment in sectors like energy, infrastructure, and mining; the development of high-tech industries will promote innovation and upgrades in strategic emerging industries like digital economy, artificial intelligence, biomedicine, and new energy; the demand for global supply chain optimization will assist companies in achieving localized production and building diversified supply chain systems; and policy facilitation will continue to improve the cross-border investment environment [4].

文/新浪财经上海站 陈秀颖 活动由金融博物馆首创主办，上海虹桥国际中央商务区管理委员会、上海市长宁区人民政府、中国上市 公司协会指导，上海国际并购研究中心与安徽省并购联合会协办，天津中金博文化交流有限公司、国投 科创与证券之星承办。 高效对接平台助力经济发展 活动当天，主会场设有项目路演区、展区洽谈区、会场论坛区以及生态嘉年华区，通过多方位的交流与 合作，成功构建了一个以"资本-产业-区域"三位一体为核心的并购高效对接平台。此次并购嘉年华不仅 吸引了来自上市公司、投资机构、产业集团的约300位精英代表到场参会洽谈，并吸引了近10万观众在 线观看。 活动的主会场由金融博物馆执行馆长、并购交易师俱乐部执行理事邵颖主持。上海虹桥国际中央商务区 管理委员会副主任杨旭波、长宁区委常委、副区长陆浩、上海国际并购研究中心理事长王巍等领导出席 了本次活动，并发表重要讲话。 政府与企业积极参与并购市场发展 上海虹桥国际中央商务区管理委员会副主任杨旭波在致辞中指出，虹桥国际中央商务区作为长三角经济 发展强劲的增长极，是国家战略的试验区，也是全球资源交汇的中心地带。随着"并购六条"和上海"并 购12条""虹桥并购八条"等政策的出台 ...

Group 1 - The "2025 M&A Carnival" concluded in Shanghai, focusing on "Mergers and Acquisitions Create Value," gathering over 300 professionals from government, listed companies, investment institutions, and industry groups to foster high-quality economic development [1][3] - The event was organized by the Financial Museum and supported by various governmental and industry bodies, highlighting the importance of policy frameworks in driving the M&A market [3][5] - The Shanghai Hongqiao International Central Business District is positioned as a key growth area in the Yangtze River Delta, benefiting from national and local policies that stimulate the M&A market [3][5] Group 2 - The Shanghai Longjing District aims to create a world-class business environment and has developed multiple trillion-yuan industry clusters, emphasizing the role of M&A in economic vitality and industrial upgrading [5][6] - The Shanghai International M&A Research Center's chairman emphasized the need for top-down policy support and grassroots involvement to cultivate a robust M&A market [7] - An initiative was launched to activate the Shanghai M&A transaction market, focusing on value creation, compliance, technological innovation, and professional talent development [8] Group 3 - The Financial Museum and the Longjing District government are collaborating on a training base for M&A transaction professionals, with over 20,000 global applicants for certification since 2014 [10] - The Shanghai Trading Group highlighted the importance of M&A as a key pathway for external growth and industry chain integration, supported by comprehensive service platforms [11] - The president of Guoyuan Securities stated that M&A has become essential for high-quality development, with new policies facilitating cross-industry mergers and focusing on sectors like semiconductors [16] Group 4 - The event featured roundtable discussions on topics such as market value management and M&A in technology firms, showcasing a comprehensive platform for industry and capital integration [18] - The "1+6" spatial layout of the carnival included five thematic exhibition areas and a policy consultation service zone, facilitating precise matching and in-depth discussions [18] - Future M&A Carnival events are planned in more cities to empower industrial upgrades and drive regional economic development [18]

"知己知彼，百战不殆。"这句古训，时至今日依然是商战中的黄金准则。尤其是在全球地缘政治如同气压不稳的风暴前夜之时，懂局势、识时势、借趋势， 已成为企业并购重组的"护身符"。 2025年，资本市场的气温比天气还复杂。一边是中美科技链条的深度脱钩、地缘限制的层层加码，另一边是上市公司对全球资源配置、跨境资产布局的渴望 不断升温。在这场高压之下，地缘政治已不仅是新闻热词，更是横亘在并购重组前的"无形天堑"。 美国更好并购集团 上市公司想"走出去"，怕被卡脖子；想"引进来"，又担心数据安全、国家安全红线。一场原本属于商业领域的资本并购，如今却仿佛走进了国际棋局，稍有 不慎，便可能从资本操作滑向舆论漩涡。 在这样的背景下，"地缘焦虑"成为了董事会最不愿提、却又必须面对的隐忧。而美国更好并购集团（Goheal）正是这一轮企业焦虑潮中，被频频点名的"减 压器"和"解码人"。 过去的并购，是财报对表，是利润比拼；如今的并购，是合规对抗，是博弈谈判，是要在国别政策、监管雷区、技术壁垒之间优雅跳舞。没有一套适配新时 代的策略思维，资本运作很容易变成一场"地缘政治风暴中的裸泳"。 让我们从一个案例说起—— 一家主营AI芯片的A股公 ...