Hubei issues "Work Plan for Promoting the Securitization of State-owned Assets of Provincial Enterprises" to carry out mergers, acquisitions, and restructuring to enhance the level of asset securitization of provincial state-owned enterprises.

The Hubei provincial government's State-owned Assets Supervision and Administration Commission and the provincial local financial regulatory bureau jointly issued the "Work Plan for Promoting the Securitization of State-owned Assets of Provincial Enterprises" to further promote the revitalization of state-owned assets of provincial enterprises and enhance the function of state-owned capital. The plan includes clear classification of securitizable assets and comprehensive verification and inspection. The provincial enterprises will categorize five types of securitizable assets, including equity, physical assets, debt, franchise rights, and future revenue rights, and establish a list of existing assets; integrate and utilize them effectively, and continuously promote securitization. Utilize multi-layered capital markets to promote the securitization of equity assets. Depending on the industry characteristics, technological innovation capabilities, performance scale, and development stage of the enterprise, promote the listing of enterprises on domestic and foreign stock exchanges. Conduct mergers and reorganizations to enhance the level of asset securitization. Tap into the functions of regional stock markets and efficiently connect with capital markets. Establish a new "State-owned Enterprise Reform" board, set up a "specialized and innovative" board, and support regional stock markets to undertake pilot programs for private equity and venture capital transfers. Make full use of regional financial resources to provide financial service guarantees. Support commercial banks in providing funding for mergers and acquisitions of provincial enterprises.