Zhejiang: Promote bio-pharmaceutical technology enterprises that meet the conditions to connect with multi-level capital markets.

Recently, the "Guidelines for Promoting the High-Quality Development of the Biomedical Industry in Zhejiang Province" were publicly soliciting opinions. It mentioned strengthening financial support. It aims to reasonably expand the scale of industry-specific funds, provincial social security science and technology innovation funds, and other funds, in order to attract more social capital to invest in the biomedical field. It will leverage the role of provincial merger and acquisition funds to support leading companies in the industry to carry out strategic mergers and acquisitions. It encourages the development of corporate venture capital and provides support for CVC projects that meet the criteria by investing in state-owned funds. It will promote eligible biomedical technology companies to connect with multilevel capital markets, and conduct activities such as listing, issuing bonds, and refinancing.