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.