According to the index, the active regions of China's M&A transactions are still concentrated in the circum-Bohai region, the Yangtze River Delta and the Pearl River Delta.

Hot industries take a lead in mergers and acquisitions: Finance, real estate and Internet industries are performing well, while health industries including pharmaceuticals showed robust growth in terms of the number of cases.

The release of the index has a guiding significance for more efficient, macroscopic and multi-dimensional understanding of regional development as well as economic transformation and upgrading.

After 40 years of rapid development guided by the policy of reform and opening up, the Chinese economy has begun to move toward innovation, quality and independence.

Renowned as “China Silicon Valley”, Zhongguancun shoulders the heavy responsibility of building China into a technologically advanced and innovative country. The changes in the M&A situation have become an important indicator for judging the M&A trend of China and the world.

Cao Liqun, deputy director of Zhongguancun Management Committee, pointed out at the summit that Zhongguancun's innovation and development has been changing with each passing day.

Zhongguancun has always been committed to improving its innovation and entrepreneurship ecosystem with science and technology finance as the key element, and supporting the development of M&A market as an effective means for conducting financial and technical services and promoting the development of technology companies.

Cao Liqun, deputy director of Zhongguancun Management Committee delivers a speech at the summit. [Photo provided to chinadaily.com.cn]

Cao also emphasized the importance of promoting mergers and acquisitions on current economic conditions. In recent years, the mergers and acquisitions of Zhongguancun enterprises possess the following characteristics:

First, mergers and acquisitions in emerging industries hold a dominant position;

Second, the mergers and acquisitions featuring industrial ecosystem bring stronger competitiveness to enterprises;

Third, the trend of improving innovation abilities and building brands through mergers and acquisitions becomes more prominent.

During the summit, the "Zhongguancun M&A Achievement Award", "Zhongguancun M&A Outstanding Contribution Award" and other honors were awarded to some members of the 2017 "Fengyi Project". Meanwhile, the committee also affirmed the members of the 2018 “Fengyi Project”. Since its launch in 2017, the “Fengyi Project” has achieved fruitful results, and many member companies have made major breakthroughs in mergers and acquisitions.

Zhongguancun is now home to 93 enterprises with an income of over 10 billion yuan, 10 enterprises with an income of over 100 billion yuan, and 13,000 national high-tech enterprises.

Over 500 renowned experts, scholars and entrepreneurs attend the summit. [Photo provided to chinadaily.com.cn]

It has initially formed new industrial clusters of information technology, biomedicine, energy conservation and environmental protection.

As one of the most active M&A areas in China, Zhongguancun has 337 domestic and overseas listed companies, over 1,400 companies listed at the New OTCBB and 70 unicorn enterprises. High-quality enterprise resources are gathered here, which propel its demand for mergers and acquisitions.

From Jan to Nov 2018, Zhongguancun enterprises initiated 180 M&A cases, with the total value of 94.688 billion yuan.