刚刚！深圳，重大利好！

Core Objectives - The Shenzhen Municipal Government aims to enhance the quality of listed companies, targeting a total market capitalization of over 20 trillion yuan by the end of 2027, and to cultivate 20 companies with a market value of over 100 billion yuan. The plan includes completing over 200 merger and acquisition (M&A) projects with a total transaction value exceeding 100 billion yuan [6][23]. Focus Areas for M&A - The plan emphasizes M&A activities in strategic emerging industries such as integrated circuits, artificial intelligence, new energy, and biomedicine. It encourages leading companies to acquire quality, unprofitable assets that can strengthen supply chains and enhance key technological capabilities [7][24]. Establishment of M&A Project Database - A project database for M&A targets will be established, covering key industrial sectors in Shenzhen. A mechanism for project recommendation will be created to facilitate the identification and selection of M&A projects [8][24]. Financing Channels for M&A - The plan encourages companies to utilize various financing methods, including cash, shares, and convertible bonds, to support M&A activities. It also promotes bank loans and innovative financing solutions for technology-driven enterprises [10][25]. Development of Patient Capital System - The initiative supports the involvement of angel funds and government investment funds in identifying and nurturing technology-driven small and medium-sized enterprises (SMEs) for M&A opportunities [13][26]. Encouragement of Social Capital Participation - The plan supports corporate venture capital and private equity funds in participating in M&A activities, emphasizing the importance of strategic investments and the establishment of a reverse linkage mechanism for investment terms [14][27]. Connection with Hong Kong Capital Market - The initiative aims to facilitate cross-border M&A by supporting qualified companies in listing or refinancing in Hong Kong, thereby enhancing the efficiency of cross-regional M&A activities [15][27]. Establishment of M&A Service Platform - Shenzhen Stock Exchange will develop a comprehensive service system for M&A projects, providing one-stop services throughout the project lifecycle [16][28]. Optimization of M&A Market Ecosystem - The plan encourages financial institutions to enhance their professional service teams for M&A, aiming to create leading service providers in the industry [17][29]. Risk Prevention in M&A Activities - The initiative emphasizes the importance of risk monitoring and compliance in M&A transactions, aiming to prevent unethical behaviors and ensure financial security [19][30]. Strengthening M&A Work Mechanisms - A special coordination mechanism will be established under the leadership of the municipal financial committee to facilitate M&A activities and streamline processes for key projects [31].