The Bay Area Cross-border M&A Alliance has been officially established.

On August 22, the unveiling ceremony of the Bay Area Cross-border M&A Alliance was officially held. More than 150 representatives from over 50 alliance members and related units including domestic and foreign banks, insurance companies, financial asset management companies, financial asset investment companies, venture capital firms, guarantee companies, listed companies, industrial capital, and intermediary service organizations attended the event. Currently, the global industrial chain pattern is accelerating restructuring, and cross-border M&A has become an important financial tool for enterprise technological innovation, industrial upgrading, and resource allocation. As of August 2025, Shenzhen's jurisdiction has publicly disclosed a total of 128 completed M&A transactions within the year, with a total transaction volume of 55.696 billion yuan, ranking among the top cities in the country. The successful implementation of the national "first cross-border share swap" and other businesses provides replicable and scalable "Shenzhen experience" for the industry's innovative development.