In terms of transaction volume, 2,216 M&A deals were first disclosed in 2025, totaling RMB 694.00 billion. M&A activity was particularly active in traditional industries, intelligent manufacturing, and energy&power, accounting for 386, 296, and 214 deals, respectively.;
According to BESTLA Investment Analysis, the number of IPOs by China Enterprise from 2021 to 2025 showed an overall trend of a sharp decline followed by a gradual recovery . Starting in 2025, the number began to rebound, reaching a total of 291 companies for the year, an increase of approximately 27.63% compared to the 228 companies in 2024.
This report reviews the performance of newly registered private equity funds across China in 2025, covering the number of new funds, fundraising size, category distribution, regional distribution, as well as GP and LP analysis.