The top three domestic M&A transactions are still traditional industries, but new economic industries such as information and communication, media and Internet are at the forefront with more than 50 billion accumulated transactions and more than 100 transactions, reflecting the active M&A activity in the new economic market.
01 Market Statistics
In September, the domestic M&A market completed 188 domestic mergers and acquisitions, completed 25 cross-border mergers and acquisitions, and domestic M&A total transaction volume was 133 billion yuan, sequential growth of 93 %, the average transaction amount is 700 million yuan, and the domestic M&A market the trading sentiment returns to the high point.
In September, the domestic M&A market was the transaction concentration was still high, and the total transaction volume of the top ten transactions was 71%.
In terms of industry, the year-to-date domestic the top three M&A transactions are still traditional industries, but the new economic industries such as information and communication, media and Internet have accumulated trading volume of over 50 billion yuan. The number of transactions of more than 100 is in the forefront, reflecting the active M&A activity in the new economic market.
0 2Regulatory Development
US National Foreign Investment Committee: Expanding the scope of mandatory reporting transactions
On September 17, the new proposal of the Committee on Foreign Investment in the United States (CFIUS) added new rules to expand the scope of mandatory reporting transactions. The previous rule was that US companies involved in key technologies had mandatory reporting obligations for transactions involving 27 specific industries. CFIUS now proposes to add a new type of mandatory reporting transaction: non-US government investors who directly or indirectly hold more than 49% of the shares. If more than 25% of the voting rights are obtained for US companies involved in critical technology, critical infrastructure or sensitive personal data, the transaction requires a mandatory declaration.
SFC: Proposing Capital Market Reform “12 Articles”
September 9-10, the CSRC held a symposium on comprehensively deepening the reform of the capital market, and proposed the “12 articles” of the capital market reform. The party committee secretary and chairman of the China Securities Regulatory Commission issued a speech at the forum. The reform priorities include promoting the reform of the ChiNext and accelerating the reform of the New Third Board; substantially increasing the cost of illegal acts such as providing false certificates by intermediaries; steadily implementing the registration system and improving the market infrastructure.
Li Chao, Vice Chairman of the Securities Regulatory Commission: Steadily push forward the reform of the futures market
On September 2, Li Chao, vice chairman of the China Securities Regulatory Commission, said at the China International Futures Forum that it will start from five aspects and steadily push forward the reform of the futures market: first, increase the supply of varieties; second, improve the quality of operations; Third, to expand market opening, we must deepen international cooperation at all levels; fourth, improve market legal system; fifth, strengthen risk prevention and control.
03 Top Trading Reviews
The HKEx abandoned the acquisition of the Stock Exchange
Recently, the Hong Kong Stock Exchange announced that it will not proceed with the takeover offer for the Stock Exchange. Since the September 11th, the Hong Kong Stock Exchange has proposed a merger offer to the Exchange, and the board of directors of the Stock Exchange rejected the offer on September 13, the market has paid great attention to the transaction. Li Xiaojia, president of the Hong Kong Stock Exchange, expressed his regret in giving up the transaction in the blog and said that he will continue to actively promote strategic planning from the perspectives of China, connecting the world and embracing technology.