Localities exert efforts on asset securitization "shifting gears" and M&A restructuring "stepping on the gas"

Shanghai recently released the latest action plan to support the merger and reorganization of listed companies, requiring that mergers and reorganizations should focus on value guidance, tilt towards projects that contribute to the development of new productive forces and the strengthening of key industries, create typical cases, and establish a clear direction. It is found that with the frequent warm wind of policies, many provinces have shifted from promoting IPOs to mergers and reorganizations, and have made new layouts in the Capital Market. Insiders believe that local governments consider policy orientation, industrial integration, and corporate competitiveness when supporting IPOs and promoting mergers and reorganizations. Through promoting mergers and reorganizations, local governments can achieve industrial integration and transformation and upgrading, enhance regional industrial competitiveness, and also help listed companies improve their competitiveness.