Interviewed securities firms: There is still room for further optimization in post-investment integration and rational trading in the M&A market.

One year after the implementation of the "six mergers and acquisitions" policy, market activity has significantly increased, and the importance of mergers and acquisitions as an important function of optimizing resource allocation in the capital market and serving the real economy has become more prominent. Standing at a new starting point, many interviewed securities executives are full of confidence in the future development of the mergers and acquisitions market, but they also believe that there is still room for further optimization in terms of audit efficiency, valuation inclusiveness, post-investment integration, and rational trading in the mergers and acquisitions market. They believe that regulatory agencies, listed companies, and investment institutions need to work together to further optimize the policy environment, improve the quality of mergers and acquisitions, prevent market risks, and promote the healthy and sustainable development of the mergers and acquisitions market.