Group 1 - The Beijing Municipal Government has released multiple policies aimed at promoting long-term capital market participation, equity investment, and mergers and acquisitions during the 2025 Financial Street Forum [1][2] - The implementation opinions focus on optimizing the market ecosystem, developing public equity funds, enhancing the policy environment for commercial insurance and pension funds, and encouraging bank wealth management and trust funds to participate in capital markets [3][4] Group 2 - The Beijing Municipal Financial Committee has introduced opinions to promote high-quality development in venture capital and private equity, emphasizing the creation of a new fundraising, investment, management, and exit ecosystem [5] - The policies include 15 measures across three main tasks, focusing on government and state-owned enterprise funds as stabilizing forces, and providing a comprehensive service support system for institutions and enterprises [5] - The opinions on mergers and acquisitions include 19 policy measures aimed at enhancing transaction efficiency, improving regulatory oversight, and ensuring risk prevention [5][6]