"Merger and reorganization are still popular, state-owned funds jointly explore new paths for investing in listed company assets."

"The 'Eight Measures of the Science and Technology Innovation Board' and 'Six Measures of Mergers and Acquisitions' and a series of other policies have been successively introduced, with a clear and definite direction - mergers and acquisitions will become the main path for future capital operations." Recently, Chen Fei, Executive Vice President of Huamin Investment, stated at the Third China Listed Company Industrial Development Forum that mergers and acquisitions will continue to be the mainstream trend in the capital market in the next three to five years. It was learned from the forum that the current A-share IPO review is becoming stricter, and with the regulatory authorities encouraging mergers and acquisitions, some state-owned funds have identified listed companies as a key investment direction, focusing on the expansion needs of listed companies, targets related to the second growth curve, and potential acquisition targets, aiming to accurately position themselves in the capital market opportunities.