天津：用好科技企业并购贷款试点 允许并购交易贷款占比放宽至最高80％

Core Viewpoint - Tianjin has introduced measures to support mergers and acquisitions (M&A), allowing for a higher proportion of acquisition transaction loans to be financed, up to 80% [1] Group 1: Policy Measures - The Tianjin Municipal Financial Management Bureau, along with six other departments, has released a set of measures to support M&A and restructuring [1] - The measures include the establishment of M&A mother funds through government capital and long-term funds, aimed at enhancing industrial chain integration [1] - There is an emphasis on attracting market-oriented private equity funds to accelerate the formation of an M&A fund ecosystem [1] Group 2: Financial Support - Financial institutions are encouraged to provide diverse tools such as M&A loans, bonds, and insurance to broaden direct financing channels and reduce costs [1] - The focus is particularly on supporting technology-oriented small and medium-sized enterprises (SMEs) [1] - The measures also include a pilot program for technology enterprise M&A loans, allowing for a loan proportion of up to 80% for acquisition transactions [1]