During the first half of 2026, the A-share market for mergers and acquisitions (M&A) and restructuring was notably vibrant. Nearly 2,000 listed companies reported substantive advancements in their M&A and restructuring endeavors, with the cumulative transaction value surpassing RMB 1 trillion. Leading the charge were industries such as electronics, biopharmaceuticals, and artificial intelligence (AI), where over 70% of M&A deals were centered around fostering new quality productive forces. Hard technology emerged as the focal point of M&A activities, clearly indicating a trend of industrial integration.
