Guangdong's M&A and restructuring market is vibrant, with typical cases continuously emerging.

Since the release of the "Opinions on Deepening the Reform of the Mergers and Acquisitions Market of Listed Companies", a total of 227 mergers and acquisitions have been disclosed by listed companies in Guangdong, involving a total amount of 78 billion yuan. Guangdong ranks first in the country in terms of disclosure and completion of major asset restructuring transactions exceeding 20 deals. With the support of policies, Guangdong's mergers and acquisitions market is showing a trend of breakthroughs in the fields of technology enterprises' horizontal mergers and acquisitions, traditional companies' cross-border breakthroughs, and mature enterprises' establishment of domestic and foreign clusters. The TCL Technology's billion-dollar mergers and acquisitions are a typical case of integration in the technology field. The joint investment by Hanlan Environment and Industrial Fund in the privatization of Guangdong Feng Environmental Protection, a company listed on the Hong Kong Stock Exchange, is the first billion-dollar "A acquires H" deal.