Both the number and amount of mergers and acquisitions increased, and the amount of mergers and acquisitions of state-owned enterprises increased significantly
In 2021, the overall performance of the M & a market was active. As of December 31, there had been 4920 M & A transactions, an increase of 24.75% over 2020; The total amount of M & A transactions was 2466.432 billion yuan, an increase of 28.41% over the same period last year. Among them, there were 823 M & A transactions in which the buyer was a state-owned enterprise, an increase of 3% over the same period last year; The amount of M & A transactions of state-owned enterprises totaled 1119.103 billion yuan, a significant increase of 42.69% over 2020.
Loose liquidity boosts the rise of single transaction amount of M & A
In the past two years, the monetary policy mainly tends to stabilize growth and adjust structure, and the overall pace and scale of liquidity investment are relatively mild, which also provides a good financial environment for M & A transactions. The average value of a single M & a transaction in 2021 was 501 million yuan, an increase of 2.94% over 2020. Among them, the average value of single M & A transactions of state-owned enterprises was 1.36 billion yuan, a significant increase of 38.53% over 2020.
Focus on scientific and technological innovation and promote the transformation and upgrading of the industry
From the perspective of the target industries of M & A transactions, the number of M & A events in manufacturing, information technology, finance, consumption, materials, medical and other industries ranks first, accounting for more than 80% of the total number of M & A. With the continuous promotion of the mixed reform of state-owned enterprises and the reform of the registration system, in the future, state-owned enterprises will strengthen the M & A of high-tech industries, accelerate the integration of industrial chains, optimize industrial layout and serve the national strategic objectives.
Industrial upgrading promotes M & A transactions, and the mixed reform of state-owned enterprises guides capital allocation
The dual cycle needs industrial upgrading to provide high-quality supply to drive sustainable demand growth and form a virtuous cycle of mutual promotion between supply and demand. While becoming bigger and stronger, industrial chain leaders can break through key technologies through mergers and acquisitions, further strengthen the layout of the whole industrial chain and participate in the global division of labor with higher added value. The support of specialized and new small and medium-sized enterprises also provides a good transaction target for M & A. Due to the overseas epidemic and political factors, M & A of state-owned enterprises will focus more on the Chinese market and reconfigure through participation in mixed reform.
Risk tips
1. Macroeconomic fluctuation risk; 2. Risk of industrial policy adjustment; 3. Risk of regulatory policy changes.
