This year, under the support of a series of significant policies, the mergers and acquisitions in the Capital Markets have surged, not only invigorating the market but also bringing new opportunities for enterprise development. By analyzing the new characteristics of mergers and acquisitions of listed companies since 2024, relevant risk points are identified to provide decision-making references for market participants to gain insights into trends and respond to challenges. Characteristic one: the success rate has reached a new high in nearly 10 years; characteristic two: the premium rate shows a downward trend; characteristic three: high-quality mergers and acquisitions have increased; characteristic four: mergers in the Technology Industry are active; characteristic five: the integration of state-owned capital is accelerating; characteristic six: large Market Cap companies are actively merging; characteristic seven: the number of Overseas mergers and acquisitions has surged. (Securities Times)