The People's Bank of China and other departments issued the “Guiding Opinions on Financial Support for the Construction of International Science and Technology Innovation Centers in Beijing, Shanghai, Guangdong-Hong Kong-Macao Greater Bay Area”. Among them, it is pointed out that the growth of patient capital should be accelerated to strengthen the leadership of high-end industries. Support Beijing, Shanghai, Guangdong-Hong Kong-Macao Greater Bay Area to build international venture capital centers. Give full play to the role of the National Venture Capital Guidance Fund as patient capital to invest in a number of sub-funds and projects in emerging industries and future industries. Make good use of the social security science and technology innovation funds that have been set up to provide financial support to the field of science and innovation in a steady and orderly manner. Actively promote the efficient connection between high-quality entrepreneurship and innovation projects and patient capital, strengthen collaboration and linkage between patient capital and incubators, and strengthen investment and empowerment for incubating enterprises and teams. Support the development of mergers and acquisitions funds, strengthen the coordination of regional mergers and acquisitions financial services, open up blockages in mergers and acquisitions implementation, and stimulate the vitality of mergers, acquisitions and restructuring.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.