Qiu Xiaoping, member of the Party Group of the National Federation of Industry and Commerce: New technologies such as 5G and blockchain give M & A the ability to create greater value for enterprises and society

The "2019 (16th) China M & A Annual Conference" hosted by the China Mergers & Acquisitions Association was held in Beijing on December 8. Qiu Xiaoping, a member of the Party Group of the National Federation of Industry and Commerce and a full-time vice chairman, attended the event and delivered a speech. Qiu Xiaoping believes that in the context of deepening economic globalization and China's economic transformation and upgrading, China's M & A market is moving towards marketization, specialization, and internationalization. There are three forces that have shaped the new changes in the M & A industry. The first is globalization. The second is technological change. On the one hand, mergers and acquisitions support the development of innovative technologies and models; on the other hand, new technologies such as 5G and blockchain give mergers and acquisitions the ability to create greater value for businesses and society. The third is education.