Fujian Province: Increase support for enterprise mergers and acquisitions, accelerate the establishment of a 10 billion yuan provincial-level merger and acquisition fund.

The General Office of the People's Government of Fujian Province issued the "Several Measures to Further Promote the High-Quality Development of Capital Market Services for Technology Enterprises". It mentions increasing support for enterprise mergers and restructuring. Support will be given to provincial financial investment companies, provincial investment groups, high-quality technology-based listed companies, leading manufacturing companies, and key chain enterprises for cooperation, leveraging the advantages of Fujian as a hometown for overseas Chinese, attracting overseas capital participation, and accelerating the establishment of a 10 billion yuan provincial-level merger and acquisition fund. Encouragement will be given to listed companies, especially technology-based listed companies, to comprehensively use tools such as shares, convertible bonds, etc., to implement mergers and restructurings. The provincial merger and acquisition fund will participate in key merger and acquisition project investments based on market principles. Strengthening merger and acquisition services and post-investment empowerment, constructing a closed-loop system of full-process tracking and full-chain services around merger and acquisition targets, providing targeted service guarantees for finalized projects. Encouraging banks, insurance companies, and other financial institutions to provide diverse merger and acquisition financial products such as merger loans, merger insurance, and merger bonds for merger and restructuring activities.