Mid-Upper Association: The transactions in China's listed company mergers and acquisitions market are becoming more active.

On September 12, Liu Yunhong, Deputy Director of the Mergers and Acquisitions Financing Committee of the China Listed Companies Association, stated that with the efforts of various professional institutions, research institutions, and the government, the trading of mergers and acquisitions in the Chinese listed companies market is becoming more active with the release of the "Six M&A Rules". Liu Yunhong made the above statement at the 2025 Mergers and Acquisitions Carnival with the theme of "Creating Value through M&A". Liu Yunhong pointed out that on one hand, various M&A models that meet commercial logic have become more diverse. On the other hand, M&A targets that align with the development policy orientation of new productive forces are also increasingly favored by the market. "In the future, the mergers and acquisitions of listed companies will gradually move towards normalization, marketization, rule of law, and internationalization. Mergers and acquisitions will not only be financial tools, but also one of the important strategies for the development of Chinese listed companies," said Liu Yunhong.