Guangzhou's "15th Five-Year Plan" proposal: Accelerate the construction of a strong financial city and support listed companies in mergers and acquisitions and restructuring.

The Communist Party of China Guangzhou Municipal Committee has issued a proposal on formulating the fifteenth Five-Year Plan for the national economic and social development of Guangzhou. It mentions accelerating the construction of a financially strong city, building a modern financial service system that is in line with the core engine functions of the Greater Bay Area and more internationally advanced. It also suggests developing and strengthening platforms such as Zhujiang New Town and the International Financial City, promoting the Guangzhou Futures Exchange to enrich futures and options products, supporting corporate financial institutions to grow and strengthen. Furthermore, it emphasizes increasing the intensity of financial reform, constructing a complete chain of technology financial service systems, promoting the effective connection of green finance and transformation finance, improving the "toolbox" of financial support policies for small and micro enterprises, developing a provincial pension financial demonstration model, and expanding the application scenarios of digital currency. It also proposes to improve the mechanism for nurturing enterprises to go public, support merger and reorganization of listed companies, accelerate the development of innovative formats such as investment advisory and asset management, and create a wealth and asset management center for the Greater Bay Area. Additionally, it suggests improving the local financial regulatory system and strengthening coordination between central and local regulators.