Guangdong: Cultivate and strengthen high-quality investment banks and investment institutions, encourage leading securities firms and fund management companies to enhance service capabilities, compliance capabilities, and market-leading capabilities.

The People's Government of Guangdong Province issued a notice on the implementation plan for promoting the expansion and improvement of the service industry in Guangdong Province. It mentions the need to cultivate and strengthen high-quality investment banks and institutions, encourage leading securities firms and fund management companies to enhance their service capabilities, compliance operation capabilities, and market leadership capabilities, attract well-known domestic and foreign asset management institutions to establish legal entities or regional headquarters in Guangdong, and promote the development of investment advisory services. It also emphasizes the utilization of the comprehensive service functions of the capital market, guiding and supporting local governments to improve the reserve of listed companies and merger and acquisition projects, coordinating exchanges, securities firms, and other institutions to provide full-cycle coaching services to prospective listed companies, optimizing approval processes related to land use rights, real estate, equity transfers, and mergers and acquisitions of listed companies, encouraging companies to expand the issuance of technology bonds, green bonds, and asset securitization products. The plan includes the development of diversified equity investments, maximizing the role of government-led investment guidance funds, deepening cooperation with domestic and foreign fund management institutions, improving support policies for venture capital investment, and cultivating patient capital. It also supports the deepening of investment and financing reform by the Shenzhen Stock Exchange to create a world-class exchange. Additionally, it supports the Guangzhou Futures Exchange in enriching its futures product system and improving the entire futures industry chain. It further promotes industry regulators and local governments to strengthen their support for enterprises listed in regional equity markets, enhancing the foundational functions of regional equity markets.