Shanghai: Continuously strengthen the transparency of the review standards for mergers of listed companies and technology enterprises Support the negotiation and determination of transaction prices based on a diverse assessment method by both parties involved in the transaction.

The Office of the Financial Committee of the Shanghai Municipal Committee of the Communist Party of China, the Shanghai Development and Reform Commission, and other departments have issued the "Several Measures to Fully Utilize the Direct Financing Function of Shanghai and Further Strengthen the Service of Technology Finance", which proposes to improve the ecosystem for technology mergers and acquisitions. Continuously strengthen the transparency of the standards for mergers and acquisitions of technology companies by listed companies, and support the negotiation of transaction pricing based on diversified valuation methods by both parties. Utilize the functions of third-party market-oriented service platforms to build a case library and valuation database for technology company mergers and acquisitions. Promote the landing of typical cases of technology companies using simplified audit procedures, encourage the participation of third parties in mergers and acquisitions. Provide docking services for national-level mergers and acquisitions funds, leverage the role of Shanghai state-owned asset mergers and acquisitions funds, attract and gather market-oriented mergers and acquisitions funds, and carry out mergers and acquisitions transactions around the technology enterprise industry chain. Encourage domestic insurance companies to collaborate with overseas institutions, develop and launch localized mergers and acquisitions insurance products.