Core Viewpoint - The Shanghai Hongqiao International Central Business District Management Committee has issued the "Support Policy for the Construction of a M&A Cluster" to provide concrete support for mergers and acquisitions, marking it as one of the strongest M&A policies in China to date [1][2][22]. Group 1: Policy Overview - The "Support Policy" is based on previous action plans and aims to provide specific support across various dimensions such as transactions, funds, and platforms [1][21]. - The policy is part of a broader initiative to implement the national "M&A Six Guidelines" and enhance the local M&A market [1][21]. Group 2: Support Content - The policy includes financial incentives for various market participants involved in M&A transactions, including buyers, professional service institutions, and M&A funds [2][6]. - A one-time reward of up to 30 million RMB is available for M&A transactions exceeding 1 million RMB, with a reward cap of 1% of the transaction amount [8][9]. - Interest subsidies of 30% on actual paid interest for M&A loans are available, with a maximum annual subsidy of 3 million RMB per applicant [10][29]. - M&A funds that are registered with the China Securities Investment Fund Association can receive rewards based on their fundraising scale, with a maximum of 500,000 RMB [11][30]. - A professional service voucher system will provide up to 100,000 RMB for M&A service purchases, covering 50% of the contract amount [12][31]. - Comprehensive M&A service platforms can receive up to 300,000 RMB annually based on the quality and quantity of services provided [14][33]. - The policy supports the establishment of themed industrial parks focused on M&A, following existing guidelines for high-quality development [15][34]. - High-profile M&A themed events can receive support based on their public impact and significance [16][35]. - Research outputs in the M&A investment field can receive one-time rewards of up to 200,000 RMB for impactful reports and indices [17][36]. Group 3: Eligibility and Implementation - The policy is applicable to various entities involved in or providing services for M&A transactions, with specific eligibility criteria outlined in the application guidelines [19][38]. - The policy will be effective until December 31, 2028, and will be subject to adjustments based on changes in the industry environment or new national policies [19][38].

Group 1 - Shanghai Jing'an District achieved a financial services industry added value of 28.817 billion yuan in the first half of the year, maintaining a leading position in both industry scale and growth rate within Shanghai [1] - Global asset management company Vanda Group, with over 100 billion USD in managed assets, has fully acquired Vanda Private Equity and completed registration for private fund management, indicating a strong commitment to the Chinese market [1] - The establishment of Shanghai Jing'an Capital Investment Operation Co., Ltd. aims to enhance investment in strategic emerging industries and future industries, collaborating with industry leaders like L'Oréal and Shanghai Data Group [2] Group 2 - Jing'an District completed 14 new fund registrations in the first three quarters of the year, with a cumulative scale of 8.83 billion yuan, leading all districts in Shanghai in both the number of fund registrations and fundraising scale [2] - The financial ecosystem in Jing'an has been improving, with the district being the first in Shanghai to initiate the "merger and acquisition aggregation area" construction, aligning with the city's international financial center development [2] - The Global Wealth Management Forum gathered over a hundred prominent domestic and international guests to discuss topics such as digital transformation, technological dividends, global financial cooperation, and investment outlooks [2]