On August 26, 2022, Shandong Private Equity Investment Fund Industry Association held the inauguration ceremony of the M&A Professional Committee in Qingdao. Sun Yuliang, Chairman of Morning Capital, served as the director of the first M&A Special Committee for three years.
On August 26, 2022, Shandong Private Equity Investment Fund Industry Association held the inauguration ceremony of the M&A Professional Committee in Qingdao. Sun Yuliang, Chairman of Morning Capital, served as the director of the first M&A Special Committee for three years.
The Special Committee is committed to promoting the sustainable and healthy development of the M&A market in Shandong Province, building an exchange platform for M&A transactions, guiding the healthy integration of real enterprises and the capital market, and building a platform for resource docking among members to provide professional services in the field of M&A transactions for members through various work.
PwC's 2021 Review and Prospect of China's Enterprise M&A Market shows that in 2021, the number of domestic M&A transactions in China reached a record high, reaching 12790, an increase of 21% over 2020. It is expected that M&A transactions in 2022 will continue to maintain a high level, mainly driven by the continuous transformation of the domestic economy.
In 2021, domestic M&A in Shandong Province has disclosed that the total transaction amount of more than 10 million yuan is nearly 200 billion yuan, with a total number of more than 350 transactions. In general, M&A transactions in Shandong are mainly concentrated in Qingdao, Jinan and Yantai, accounting for 31%, 16% and 10% of the province's total respectively. From the perspective of industry distribution, M&A transactions in Shandong Province are mainly concentrated in high-end manufacturing, automobile, chemical industry, finance and other fields, of which manufacturing and automobile industries account for about 60% of the province, which reflects that Shandong's industry is developing towards high-end, high-quality and high-tech.