Southeast Asia Information Port (www.dnyxxg.com) – China's State Administration for Market Regulation announced on the 21st that it concluded 528 cases of business operator concentration in the first three quarters of this year, a year-on-year increase of 15.8%, of which 514 were approved unconditionally. In the first three quarters, manufacturing-related mergers and acquisitions (M&A) transactions in the automotive, chemical raw materials, general equipment, and computer sectors performed particularly well.
In terms of industry distribution, manufacturing saw the most concentrations, with 182 cases, accounting for approximately 35.4%, indicating relatively active investment. Looking at specific industry categories, the automotive manufacturing sector had the most concentrations, with 28 cases, accounting for approximately 15.4% of the total manufacturing sector; within the automotive manufacturing sector, concentrations mainly involved the manufacturing of automotive parts and accessories, with 19 cases, accounting for approximately 67.9% of the automotive manufacturing sector. Other sectors with a significant number of transactions included chemical raw materials and chemical products manufacturing, electrical machinery and equipment manufacturing, general equipment manufacturing, pharmaceutical manufacturing, and computer and electronic equipment manufacturing.
In terms of transaction value, the total value of unconditionally approved mergers and acquisitions exceeded RMB 2.05 trillion. Of these, 158 were between RMB 100 million and RMB 1 billion (approximately 30.7%), 139 were between RMB 1 billion and RMB 10 billion (approximately 27.0%), and 47 were RMB 10 billion or more.
Regarding the type of domestic and foreign concentrations, domestic enterprises were the most active in investment. Concentrations between domestic enterprises were the most numerous, with 308 cases (approximately 59.9%), followed by concentrations between foreign enterprises (137 cases, approximately 26.7%), and concentrations between domestic and foreign enterprises (69 cases, approximately 13.4%).
Diverse ownership structures were developing in a balanced manner, with foreign enterprises showing strong participation in mergers and acquisitions. Concentrations involving state-owned enterprises totaled 285 cases (approximately 55.4%), foreign enterprises totaled 218 cases (approximately 42.4%), and private enterprises totaled 183 cases (approximately 35.6%).
In the first three quarters, companies participating in business concentration came from more than 30 countries and regions worldwide, with overseas concentrations mainly involving countries such as Japan, the United States, the United Kingdom, Singapore, and France. Within China, Beijing, Jiangsu, Guangdong, Zhejiang, and Shanghai were the top five provinces in terms of the number of companies registered in these concentrations.
