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South China Morning Post

South China Morning Post

China pushes M&A to build 10 hi-tech listed firms that can compete globally by 2027

South China Morning Post
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90% Informative

China is advancing its drive to force mergers and acquisitions (M&A) in key industries to build up 10 publicly listed companies that can be internationally competitive by 2027 .

The industries in question include integrated circuits, biopharmaceuticals and new materials.

China saw about 3,000 year-to-date M&A deals as of November , with "strategic emerging" sectors taking centre stage.