Group 1 - In June 2025, China’s primary market saw 716 financing events, an increase of 84 events (up 13%) from the previous month and 27 events (up 4%) year-on-year [2][3] - The total disclosed financing amount reached 33.274 billion RMB, an increase of 13.503 billion RMB (up 68%) from the previous month, but a decrease of 6.015 billion RMB (down 15%) compared to the same month last year [2][3] - The most popular financing sectors included intelligent manufacturing (179 events), artificial intelligence (120 events), and healthcare (68 events), with artificial intelligence seeing a significant increase of 48% from the previous month [2][3][5] Group 2 - In June 2025, 26 Chinese companies completed IPOs, a rise of 53% from the previous month and 73% year-on-year, with a total fundraising amount of 33.942 billion RMB, which is a decrease of 41% from the previous month but an increase of 340% compared to the same month last year [3][36] - The number of VC/PE-backed companies was 20, with a penetration rate of 77%, while 11 companies were backed by CVCs, with a penetration rate of 42% [3][36] - The top five industries for IPOs were intelligent manufacturing (5 companies), consumer (5 companies), traditional industries (5 companies), healthcare (4 companies), and hardware (2 companies) [39] Group 3 - In June 2025, there were 21 M&A events in China, an increase of 50% from the previous month but a decrease of 72% year-on-year, with a total disclosed amount of 3.341 billion RMB, which is an increase of 97% from the previous month but a decrease of 76% compared to the same month last year [3][44] - The top five industries for M&A events were energy and power (4 events), life services (3 events), traditional industries (3 events), intelligent manufacturing (2 events), and healthcare (2 events) [45] - The disclosed transaction amounts for the top five industries were led by sports (2.079 billion RMB), followed by energy and power (950 million RMB), traditional industries (170 million RMB), life services (66.59 million RMB), and intelligent manufacturing (50 million RMB) [45] Group 4 - In June 2025, the top five regions for financing events were Guangdong (133 events), Jiangsu (116 events), Beijing (94 events), Shanghai (93 events), and Zhejiang (83 events) [11][42] - The distribution of financing events by stage showed that early-stage events dominated with 555 events (77.51%), followed by growth stage with 135 events (18.85%), and late stage with 26 events (3.64%) [15] - The disclosed financing amounts were 16.625 billion RMB for early-stage (51.18%), 12.489 billion RMB for growth stage (38.45%), and 3.370 billion RMB for late stage (10.37%) [15] Group 5 - In June 2025, there were 44 new large financing events globally, with China contributing 9 events, accounting for 20% of the global total, and the disclosed financing amount from China was 15.713 billion RMB, representing 15% of the global total [18] - The global total of unicorn companies reached 1,883, with China having 504 unicorns, accounting for 27% of the total [27] - In June 2025, the number of VC/PE institutions participating in investments in China was 681, a decrease of 22% from the previous month and a decrease of 1% year-on-year [30]