Core Viewpoint - The Guangdong Provincial Government has issued an action plan to promote high-quality development of venture capital, focusing on improving exit mechanisms for venture investments [1] Group 1: Policy Initiatives - The plan emphasizes the establishment of a robust exit mechanism for venture capital investments [1] - It encourages the inclusion of technology-driven enterprises that break through key core technologies into green channels for public listing, bond issuance, and mergers and acquisitions [1] - The initiative aims to leverage various stock exchanges, including the main board, Sci-Tech Innovation Board, Growth Enterprise Market, and regional equity markets, to broaden exit channels for mergers and acquisitions [1] Group 2: Support for Overseas Listings - The plan supports technology enterprises in applying for overseas listing records, facilitating foreign currency exit channels for venture capital funds [1] - It promotes the development of merger funds and secondary market funds for venture capital, ensuring compliance with regulations [1] Group 3: Stock Distribution and Market Trials - The action plan supports qualified venture capital institutions in applying for physical stock distribution pilot programs [1] - It encourages the Guangdong regional equity market to conduct trials for equity investment and venture capital fund share transfers [1]