On September 14, according to Cathay Pacific Haitong, the Shanghai M&A Private Equity Fund Phase III partnership completed the filing with the China Securities Investment Fund Industry Association and officially began investment operations. The first phase of the Shanghai M&A Fund is 900 million yuan. It was established by Cathay Pacific Haitong's private equity subsidiary as the fund manager and co-sponsored by large industrial groups, listed companies, financial institutions, etc. It mainly focuses on equity investment opportunities such as mergers and acquisitions of industries supported by national policies such as high-end manufacturing, integrated circuits, new materials, new energy, and information technology.

On September 14, according to Cathay Pacific Haitong, the Shanghai M&A Private Equity Fund Phase III partnership completed the filing with the China Securities Investment Fund Industry Association and officially began investment operations. The first phase of the Shanghai M&A Fund is 900 million yuan. It was established by Cathay Pacific Haitong's private equity subsidiary as the fund manager and co-sponsored by large industrial groups, listed companies, financial institutions, etc. It mainly focuses on equity investment opportunities such as mergers and acquisitions of industries supported by national policies such as high-end manufacturing, integrated circuits, new materials, new energy, and information technology.