大动作！深圳定下并购“KPI”：数量超200单、金额超1000亿、千亿市值巨头超20家！

Core Viewpoint - Shenzhen has released the "Shenzhen Action Plan for Promoting High-Quality Development of Mergers and Acquisitions (2025-2027)", outlining a clear blueprint for enhancing the M&A market ecosystem and facilitating efficient M&A activities for listed companies [1] Group 1: Goals and Targets - By the end of 2027, the total market capitalization of listed companies in Shenzhen is expected to exceed 20 trillion yuan, with the aim of nurturing 20 companies with a market value of over 100 billion yuan [1] - The plan aims to complete over 200 M&A projects with a total transaction value exceeding 100 billion yuan, establishing a number of industry demonstration cases [1] Group 2: Asset Side Initiatives - The action plan emphasizes the logic of industrial upgrading through M&A, focusing on the "20+8" industries, supporting leading companies in strategic emerging industries to conduct upstream and downstream acquisitions [2] - It encourages private and state-owned enterprises to pursue transformation through M&A and supports specialized enterprises in acquiring quality assets [2] - A project database for M&A targets will be established, creating a rolling reserve system for potential projects [2] Group 3: Funding Mechanisms - The plan introduces various financial tools to enhance the effectiveness of M&A, including flexible payment methods and innovative financing tools such as M&A loans and syndicate loans [3] - It encourages social capital participation through corporate venture capital and industry funds, and aims to attract long-term capital and foreign investors [3] Group 4: Cross-Border M&A Support - The action plan highlights the importance of leveraging Shenzhen's proximity to Hong Kong and Macau to optimize resource allocation for cross-border M&A [4] - It supports the establishment of equity investment funds for industrial M&A projects and encourages collaboration between exchanges in Shenzhen and Hong Kong [4] Group 5: Ecosystem Services - The plan calls for the establishment of a comprehensive M&A service platform to support the development of a conducive environment for M&A activities [5] - It encourages the Shenzhen Stock Exchange to enhance its system for M&A and restructuring, and to promote research on M&A related to the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area [6] Group 6: Risk Management - The action plan emphasizes the need for compliance checks in key M&A transactions and the prevention of malicious acquisitions [6] - It proposes the establishment of a special coordination mechanism to facilitate M&A activities and streamline approval processes for key projects [7]