How to seize the investment opportunities of mergers and reorganizations? CICC: Focus on four aspects

Li Qiusuo, Chief Domestic Strategy Analyst of the Research Department of Citic Securities, stated that they focus on four investment directions. First, to strengthen and improve the leading companies in science and technology innovation, as the current round of merger and acquisition policies will further increase support for technology innovation enterprises. Second, the trend of industrial consolidation in traditional sectors, combining historical data, industries with low industry concentration tend to have a relatively strong willingness for enterprise mergers and acquisitions. Third, under the new situation, state-owned enterprises may have a willingness to enhance their market value management, and merger and acquisition restructuring is one of the important directions for market value management, which may increase willingness from the perspective of state-owned enterprises. Fourth, the diverse choices of unlisted companies, in recent years, under the changing IPO environment, many unlisted companies also choose merger and acquisition restructuring as a key consideration for their strategic direction.