天津七部门出台13条措施支持并购重组

Core Viewpoint - The Tianjin Municipal Financial Management Bureau, in collaboration with the Tianjin Securities Regulatory Bureau and other departments, has issued measures to support mergers and acquisitions (M&A) to enhance resource allocation and facilitate industrial transformation and upgrading. Group 1: Key Measures - The measures focus on five main areas: supporting enterprise M&A, gathering M&A funds, establishing a service system, strengthening M&A supervision, and improving work mechanisms, with a total of 13 specific measures proposed [1][2]. - The initiative encourages listed companies and leading enterprises to engage in M&A activities related to advantageous, emerging, and future industries, particularly targeting key enterprises in traditional sectors like metallurgy and light industry [1][2]. - Support is provided for horizontal mergers, absorption, and cross-industry acquisitions to enhance industrial concentration and promote transformation towards high-end, intelligent, and green industries [1]. Group 2: Financial Support and Platforms - The measures propose the establishment of a capital market service platform in Tianjin to offer diversified financing services and to conduct a city-wide inventory of M&A project candidates [2]. - Government investment funds are encouraged to set up M&A mother funds and to accelerate the cultivation of M&A fund clusters through market-oriented methods [1][2]. - The measures also include the innovation of financing tools and the relaxation of loan ratios for technology enterprise M&A transactions, allowing loans to account for up to 80% of the transaction value [1].