Cheng Hehong, the chief lawyer of the China Securities Regulatory Commission (CSRC), said that this year, more than 140 listed companies in strategic emerging industries have disclosed their asset restructuring, doubling compared to the same period last year.

Cheng Hehong, Chief Legal Counsel of the China Securities Regulatory Commission, stated in his keynote speech at the 2025 Tianjin Wudadao Financial Forum on June 5 that in the field of mergers and acquisitions, the disclosure of asset restructuring by listed companies in strategic emerging industries this year has exceeded 140 cases, which is twice that of the same period last year. In the field of bond financing, as of the end of April 2025, a total of 1327 innovative bonds have been issued in the exchange market, with a total issuance scale of 1.35 trillion yuan. In the field of private equity funds, the proportion of private equity venture capital funds investing in strategic emerging industries continues to increase, with over 100,000 projects currently invested in, and the capital invested exceeds 4 trillion yuan.