Capital market mergers and reorganizations serve as a "catalyst" for industrial upgrading.

On the evening of November 16, Shanghai Fudan Microelectronics Group Co., Ltd. announced that Shanghai Guosheng Group Investment Co., Ltd. intends to acquire 12.99% of the shares held by the largest shareholder of the listed company through an agreement transfer. After the completion of this equity transfer, Guosheng Investment will become the largest shareholder of Fudan Microelectronics. So far this year, under the dual effects of policy promotion and market demand, the activity of mergers and acquisitions in A-shares has continued to increase. According to statistics, as of November 17, there have been 4044 disclosed mergers and acquisitions in A-shares this year, an increase of 4.01% year-on-year, including 147 significant asset restructurings, an increase of 44.12% year-on-year. The mergers and acquisitions market is undergoing a profound transformation from "quantity" to "quality", becoming a catalyst for industrial upgrading. Tian Lihui, a finance professor at Nankai University, stated in an interview with reporters that this year, the logic of the mergers and acquisitions market has been innovated, shifting from scale expansion to value creation. This not only optimizes the function of capital market resource allocation, stimulates market vitality, but also promotes industrial upgrading, strengthens the resilience of the industrial chain, and helps cultivate new quality productivity.