Over 200 A-share mergers and restructurings within the year, with a significant "industry-driven" characteristic.

Since 2025, China's capital market mergers and acquisitions have been continuously active. With the support of multiple favorable policies, capital has empowered industry transformation effectively, from domestic industry integration to cross-border resource allocation, from layout in key areas such as semiconductors to the extension of the intelligent manufacturing industry chain. Various measures to deepen the market reform of mergers and acquisitions are being implemented and yielding results. According to Wind data, as of October 30, 2025, there have been 222 disclosed M&A transactions in the A-share market this year, involving 244 listed companies. In October alone, over a hundred progress reports on M&A and restructuring events were disclosed by A-share listed companies. Among them, 130 M&A and restructuring plans were disclosed for the first time, with nearly 40% of them revealing transaction amounts totaling over 300 billion yuan. From the perspective of the purpose of restructuring, the "industry-oriented" feature is significant, with a total of 128 cases of horizontal integration, vertical integration, and strategic cooperation, reflecting the core need of enterprises to enhance industry competitiveness and expand development space through resource synergies and industry chain integration. There were 47 restructurings aimed at "asset and strategic optimization," highlighting the active layout of enterprises in optimizing asset structure and exploring new growth curves.