Compared to domestic mergers and acquisitions, cross-border mergers and acquisitions face a more complex legal environment. The transaction not only needs to comply with the laws and regulations of the country where the target company is located, but also needs to meet the relevant regulatory requirements for overseas investment within China. In recent years, major jurisdictions around the world have generally strengthened regulatory scrutiny of foreign mergers and acquisitions, especially for transactions involving critical infrastructure, sensitive technology, and personal data, which requires investors to plan approval strategies in advance.