This month, Henan and Tianjin have successively rolled out policies aimed at bolstering mergers and acquisitions (M&A). Following the issuance of the "Opinions on Deepening the Reform of the Mergers and Acquisitions Market for Listed Companies" (known as the "Six M&A Policies") in September of last year, various provinces and cities, including Shanghai, Anhui, Shenzhen, Wuxi, Nanjing, and Guangzhou, have taken proactive steps to strengthen resource allocation through M&A, elevate the competitiveness of key industries, foster new productive forces, and bolster the capital market's support for the real economy. Experts emphasize that the "Six M&A Policies" have spurred local governments to intensify their support for M&A activities, which are anticipated to become increasingly dynamic. Looking ahead, the capital market's M&A focus will shift towards technological reinforcement to drive industrial upgrading; cross-regional and cross-border M&A will continue to rebound, enhancing resource integration; and financing instruments will diversify, with M&A funds poised to become pivotal transaction nodes.