news

recently, at the 18th china listed company value selection expert review meeting and expert seminar hosted by securities times, zhao xiaoguang, director of the tianfeng securities research institute, talked about the mergers and acquisitions that have attracted much attention in the capital market recently and said, "logically and trend-wise, china's merger and acquisition era has arrived and has just begun."

zhao xiaoguang said that in 2014-2015, many chinese companies failed in mergers and acquisitions. at that time, many mergers and acquisitions were cross-industry, mainly in the internet, asset-light and some low-cost industries. now, in the manufacturing, pharmaceutical and information industries, some highly feasible merger and acquisition opportunities can be found.

mergers and acquisitions are a high-incidence area for illegal and irregular activities in the capital market. how to form a professional decision-making mechanism for mergers and acquisitions? zhao xiaoguang emphasized that in order to promote mergers and acquisitions, it is not feasible to completely control or completely liberalize them. it is very important to promote a scientific decision-making mechanism for mergers and acquisitions. in some mergers and acquisitions projects, finding industry experts to score can help make scientific decisions to a certain extent. he believes that as various industries "roll" to the extreme and "roll" to the end, the era of mergers and acquisitions will come. resources in various fields are concentrated on leading enterprises, which is also in line with the current development needs of china's industry.

in recent years, many listed companies have worked together with universities and research institutes to achieve close cooperation between industry, academia and research, and promote the emergence of innovative results. zhao xiaoguang also mentioned that establishing a connection between the scientific research system and listed companies is of great value. "as an intermediary institution, how can we connect the scientific research system and listed companies to form technical empowerment cooperation; how can we serve the industry, let good companies find good assets and technologies, and promote cooperation between listed companies? these tasks will be very valuable." zhao xiaoguang said that only with technology and channels, and the development of good products, can we achieve revenue growth and market value growth.

regarding going global, zhao xiaoguang believes that there are a number of listed companies that are going global and their quality is very good. "companies that can go global should be given higher evaluations because the rise of a great power still depends on globalization. the story of chinese companies going global should be told well."