[Listed companies’ “chain” efforts to deeply participate in industrial M&A funds] November 12th: Since this year, the enthusiasm of listed companies to participate in the establishment of industrial M&A funds has continued to increase. According to statistics, as of November 11, listed companies disclosed their participation in the establishment of 393 industrial M&A funds during the year, a year-on-year increase of over 30%. From artificial intelligence to embodied intelligence and biomedicine, a number of chain-owner companies are using industrial M&A funds as a fulcrum to extend the reach of capital to the upstream and downstream of the industrial chain. The reporter found that during the year, the investment direction of industrial M&A funds became more focused, there were more "group" investments, the holding period was longer, and the characteristics of patient capital were more prominent. (Securities Daily)