Guangdong Province has introduced a set of measures to build a science and technology financial system, including supporting the listing of technology companies, enhancing venture capital and equity investment, and improving financial tools to support innovation.

The measures emphasize strengthening support for innovative entities and enhancing the capital market's service across the entire innovation chain to accelerate the cultivation of new productive forces, aiming to integrate financial resources more effectively into Guangdong's innovation and new productive forces development.

The measures are part of the 28 specific measures recently announced to enhance the development of Guangdong's capital market. The 28 measures outline the development principles and goals of Guangdong's capital market with a focus on regulation, risk prevention, and high-quality development, aiming to better serve the modernization of the province.

The 28 measures cover seven key areas, including fostering new productive forces, supporting the manufacturing industry, advancing the "High-Quality Development Project for Guangdong's Counties, Towns, and Villages", accelerating the construction of a modern financial system, enhancing regulatory enforcement coordination, preventing and resolving market risks, and strengthening the synergy for high-quality development.

Supporting listed company development

Apart from supporting innovation, science, and technology, the measures also focus on improving the quality of listed companies, which are seen as the cornerstone of the capital market and a driving force for economic development.

Guangdong plans to enhance the quality of listed companies by encouraging the use of capital market tools such as bond financing, mergers and acquisitions, and equity incentives. The province will also support the digital transformation and upgrading of traditional industries, contributing to the construction of a strong manufacturing province and a modern industrial system.

Regional coordinated development and green development

Guangdong's efforts in boosting high-quality development also extend to regional coordination and green development.

The measures propose leveraging listed companies' resources to support the "High-Quality Development Project for Guangdong's Counties, Towns, and Villages", including guiding more social capital and production factors into county-level economic development, supporting the construction of industrial parks, and facilitating green manufacturing and ESG (Environmental, Social, and Governance) development.

Financial regulation and risk prevention

Regulation and risk prevention are central to the new measures. The measures focus on preventing and resolving key risks such as the delisting of listed companies, bond defaults, and private fund risks, and emphasize protecting investors' rights and raising investor awareness.

These comprehensive measures reflect Guangdong's commitment to leveraging its capital market to drive high-quality economic development, support innovation, and promote regional coordination and green growth. Through these efforts, Guangdong aims to build a more resilient, efficient, and inclusive capital market as a cornerstone for the province's modernization.