The Merger & Acquisition Annual Report 2009 is one of the serial research reports published by Zero2IPO Research Center in 2009. According to the report, in 2009, China’s M&A market witnessed 294 M&A deals, including 235 ones with a combined amount of US$33.15B as disclosed. The overseas M&As launched by the Chinese enterprises in such fields as energy and mineral resources became the biggest highlight of China’s M&A market in the year. Chinese enterprises completed 38 overseas M&A deals, a rise of 26.7% year on year, and the total amount involved in these deals added up to US$16.10B, soaring 90.1% from a year earlier. The report focuses on the M&A events in TMT (technology, media and communication/telecommunication), energy and Bio/Healthcare sectors, as well as cross-border and VC/PE-backed M&As, discusses the hot issues on China's M&A market in 2009, and makes an objective outlook for the market in 2010. The report has seven chapters and analyzes China’s M&A market in 2009 in the dimensions of market review, statistical data, case collection, special issue and market outlook. The China Buyout Fund Report 2010is an in-depth special issue of the Merger & Acquisition Annual Report 2009: In the context of the rise of the M&A funds in China, the special issue analyzes the current status of M&A funds at home and abroad, and takes New Bridge Capital’s acquisition of Shenzhen Development Bank for instance to discuss the operating mode and prospect of M&A funds in China with a view to providing valuable reference for domestic PE investment agencies and relevant enterprises.