At the Shanghai United Assets and Equity Exchange General Assembly held on March 2, Cai Minyong, president of the Shanghai Stock Exchange, and other industry insiders believe that Chinese companies are entering the active period of mergers and acquisitions and restructuring, and will be active in vertical mergers and acquisitions and horizontal mergers and acquisitions. Four major trends, such as the expansion of large enterprises and the acceleration of mergers and acquisitions in different places.
According to the transaction information of the Shanghai property rights market, last year, the vertical M&A transactions with the aim of optimizing the integration of the upstream and downstream production factors in the Shanghai market increased by 228.32% year-on-year; the horizontal mergers and acquisitions that benefited the strategic adjustment of the industry structure also increased by 93.58%. M&A activity in various industries has greatly increased. In addition to the continuous activity of manufacturing, real estate, comprehensive, social services, construction, wholesale and retail, mergers and acquisitions in the cultural industry, agriculture and asset management have also become active.
Cai Minyong, president of the Shanghai United Assets and Equity Exchange, believes that at present, in response to the impact of the international financial crisis, the Chinese government has introduced ten major industrial revitalization plans, which will accelerate the optimization of economic structure, adjust the industry layout, promote corporate restructuring, and achieve industrial upgrading. At present, Chinese corporate mergers and acquisitions are showing four major trends:
First, vertical mergers and acquisitions aimed at the integration of upstream and downstream factors are increasingly active and will continue for a long period of time. The active participation of vertical mergers and acquisitions is conducive to reducing the operating costs of enterprises, improving the operational efficiency of enterprises, enhancing the development momentum of enterprises, and building an innovation chain.
Second, the horizontal mergers and acquisitions will be fully integrated with the integration of the same industry and the promotion of enterprises from large to strong and from strong to excellent. From the hotspot analysis of corporate mergers and acquisitions in the Shanghai market last year, the industries with large increase in turnover compared with the previous year were engineering construction, cultural industry, agriculture, manufacturing, real estate and asset management. Among them, the engineering construction industry has increased by more than 8 times year-on-year, the cultural industry has increased by nearly 5 times, the agricultural industry has increased by more than 3 times, and the manufacturing industry has increased by 1.41 times. The coverage of these projects has reached 28 provinces and cities. At the same time, corporate mergers and acquisitions are active around the development of environmental energy and emerging industries. This year, with the opportunity of the ten major industrial revitalization plans, the horizontal mergers and acquisitions of enterprises will be carried out in a wider scope, more industries and wider regions.
Third, the strong joint acceleration between large enterprises, mixed mergers and acquisitions will gradually climax. Last year, the property rights transactions of central enterprises in the Shanghai property rights market showed a large increase in the amount of transactions, and the transaction value increased by 1.45 times. From the current market situation, domestic large-scale enterprises have accelerated the pace of separation of main and auxiliary and resource integration to achieve the main business sector or the group's overall listing target. Central enterprise capital and local capital are showing the trend of accelerating docking and restructuring, in order to seek new development goals, and the strong alliance between large enterprises will accelerate, and the development trend of integration of industry, education and research is obvious. At the same time, international South-South cooperation is also entering a new stage, and the development of science and technology and the trend of international mergers and acquisitions are also taking shape. This situation will lead to an increasingly active mix of mergers and acquisitions.
Fourth, the cooperation between large enterprises and local governments is on a large scale, and mergers and acquisitions in different places tend to be active. Last year, the amount of off-site M&A transactions in the Shanghai property rights market increased by more than 49% year-on-year. It is worth noting that the economic cooperation between large enterprises and local governments is on a large scale. Shenhua Group and Shaanxi Province signed a strategic cooperation development plan. The plan shows that in the next 10 years, Shenhua Group will invest more than 200 billion yuan in Shaanxi Province to build Shenhua Industry, which is the five major industrial sectors of coal, coal chemical, electric power, railway and logistics. Park. The cooperation between local governments and large enterprises, and the continuous development of off-site mergers and acquisitions will greatly promote the optimal allocation of market resources in a wider scope, wider fields and higher levels, and accelerate the pace of transformation and upgrading of the Chinese economy.
Relevant persons said that while the financial crisis has brought adverse effects to enterprises, it also provided opportunities for enterprises and market development. With the introduction of a series of macroeconomic regulation and control policies and the gradual recovery of the economy, it is expected that various types of investment funds and social funds will be purchased into the property rights market to purchase low-cost property rights. This year, the property rights market has become one of the main battlefields for mergers and acquisitions. .
Source: China Metal Processing Online
According to the transaction information of the Shanghai property rights market, last year, the vertical M&A transactions with the aim of optimizing the integration of the upstream and downstream production factors in the Shanghai market increased by 228.32% year-on-year; the horizontal mergers and acquisitions that benefited the strategic adjustment of the industry structure also increased by 93.58%. M&A activity in various industries has greatly increased. In addition to the continuous activity of manufacturing, real estate, comprehensive, social services, construction, wholesale and retail, mergers and acquisitions in the cultural industry, agriculture and asset management have also become active.
Cai Minyong, president of the Shanghai United Assets and Equity Exchange, believes that at present, in response to the impact of the international financial crisis, the Chinese government has introduced ten major industrial revitalization plans, which will accelerate the optimization of economic structure, adjust the industry layout, promote corporate restructuring, and achieve industrial upgrading. At present, Chinese corporate mergers and acquisitions are showing four major trends:
First, vertical mergers and acquisitions aimed at the integration of upstream and downstream factors are increasingly active and will continue for a long period of time. The active participation of vertical mergers and acquisitions is conducive to reducing the operating costs of enterprises, improving the operational efficiency of enterprises, enhancing the development momentum of enterprises, and building an innovation chain.
Second, the horizontal mergers and acquisitions will be fully integrated with the integration of the same industry and the promotion of enterprises from large to strong and from strong to excellent. From the hotspot analysis of corporate mergers and acquisitions in the Shanghai market last year, the industries with large increase in turnover compared with the previous year were engineering construction, cultural industry, agriculture, manufacturing, real estate and asset management. Among them, the engineering construction industry has increased by more than 8 times year-on-year, the cultural industry has increased by nearly 5 times, the agricultural industry has increased by more than 3 times, and the manufacturing industry has increased by 1.41 times. The coverage of these projects has reached 28 provinces and cities. At the same time, corporate mergers and acquisitions are active around the development of environmental energy and emerging industries. This year, with the opportunity of the ten major industrial revitalization plans, the horizontal mergers and acquisitions of enterprises will be carried out in a wider scope, more industries and wider regions.
Third, the strong joint acceleration between large enterprises, mixed mergers and acquisitions will gradually climax. Last year, the property rights transactions of central enterprises in the Shanghai property rights market showed a large increase in the amount of transactions, and the transaction value increased by 1.45 times. From the current market situation, domestic large-scale enterprises have accelerated the pace of separation of main and auxiliary and resource integration to achieve the main business sector or the group's overall listing target. Central enterprise capital and local capital are showing the trend of accelerating docking and restructuring, in order to seek new development goals, and the strong alliance between large enterprises will accelerate, and the development trend of integration of industry, education and research is obvious. At the same time, international South-South cooperation is also entering a new stage, and the development of science and technology and the trend of international mergers and acquisitions are also taking shape. This situation will lead to an increasingly active mix of mergers and acquisitions.
Fourth, the cooperation between large enterprises and local governments is on a large scale, and mergers and acquisitions in different places tend to be active. Last year, the amount of off-site M&A transactions in the Shanghai property rights market increased by more than 49% year-on-year. It is worth noting that the economic cooperation between large enterprises and local governments is on a large scale. Shenhua Group and Shaanxi Province signed a strategic cooperation development plan. The plan shows that in the next 10 years, Shenhua Group will invest more than 200 billion yuan in Shaanxi Province to build Shenhua Industry, which is the five major industrial sectors of coal, coal chemical, electric power, railway and logistics. Park. The cooperation between local governments and large enterprises, and the continuous development of off-site mergers and acquisitions will greatly promote the optimal allocation of market resources in a wider scope, wider fields and higher levels, and accelerate the pace of transformation and upgrading of the Chinese economy.
Relevant persons said that while the financial crisis has brought adverse effects to enterprises, it also provided opportunities for enterprises and market development. With the introduction of a series of macroeconomic regulation and control policies and the gradual recovery of the economy, it is expected that various types of investment funds and social funds will be purchased into the property rights market to purchase low-cost property rights. This year, the property rights market has become one of the main battlefields for mergers and acquisitions. .
Source: China Metal Processing Online
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