Since 2024, the local state-owned asset layout of A-shares has ushered in a new round of “small climax”. China Railway Emergency announced on the evening of May 21 that the Hainan Provincial State-owned Assets Administration Commission will take over 14.01% of the company's shares for 1,997 billion yuan. After the transaction is completed, the Hainan Provincial State-owned Assets Administration Commission will obtain actual control of the company. According to the reporter's statistics, there are nearly 20 listed companies that have completed share transactions or are in the process of moving forward with matters relating to the transfer of state-owned assets since this year. Interestingly, in several public acquisitions over the past year, local state-owned assets, which have always been “rich in wealth,” have also begun to calculate “detailed accounts.” The “agreed transfer+entrustment or abandonment of voting rights” combined transaction scheme has gradually become the new mainstream method of “obtaining A” for state-owned assets. Judging from the motives, industrial and resource collaboration between the merger and the listed companies and local state-owned assets has become the main consideration in this round of state-owned mergers and acquisitions. (Shanghai Securities Report)