The M&A stock market was active. According to iFinD's Flush statistics, 236 listed companies have made M&A-related disclosures throughout the year as of February 9, based on the initial disclosure date.
Many industry insiders said that optimizing M&A policies and confidence in economic recovery were the main reasons for revitalizing the market. In the context of the full-fledged implementation of the stock issuance registration system, the M&A and reorganization market is expected to become more active this year, and it is expected to play a greater role in improving the efficiency of resource allocation and facilitating the livelihood of market participants. . Improve the quality of listed companies.
Market confidence is getting stronger
In recent years, our country's M&A and reorganization market has generally stabilized and improved, and its vitality and influence are increasing. The role of major channels in M&A and reorganization in the capital market is gradually becoming visible.
Tian Lihui, dean of Nankai University's Institute of Financial Development, believes that a company's share price may be below intrinsic value when the stock market is at a low level. During this period, merger and acquisition costs are low. Accelerate market activity. At the same time, expectations for economic recovery often lead to a rise in the stock market, increasing the possibility of corporate mergers and acquisitions (M&A). In addition, the market-oriented reform of the core mergers and acquisitions system continued to deepen in the past two years, attracting more listed companies to improve competitiveness through mergers and acquisitions.
Chen Li, Director of Chuanchai Securities Research Institute, said that the increased willingness of listed companies to merge and reorganize is mainly due to the continuous improvement and improvement of policies in recent years. We are willing to do mergers and acquisitions.
In October 2020, the State Council issued "Thoughts on Improving the Quality of Listed Companies" and proposed that the role of the capital market as a key channel for mergers and acquisitions should be fully implemented, and listed companies should be able to revive. quality and efficiency improvement, change and development; In November last year, the China Securities Regulatory Commission issued the "Three-year Action Plan for Improving the Quality of Listed Companies (2022-2025)", which proposed further optimizing the capital market financing system and improving the merger and reorganization control mechanism. I did. , improve the integration of industry and supply chains.
By optimizing and coordinating measures to prevent and combat the epidemic and continuing to implement a series of political measures to stabilize the economy, our country's economy will recover. According to market analysts, the economic recovery raises companies' good expectations for future growth, and when confidence rises, more companies will accelerate resource integration.
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