The Financial Agglomeration Area in North Bund of Shanghai is actively constructing the Equity Investment Agglomeration Area and planning the Mergers and Acquisitions Resources Agglomeration Area.

On May 13th, Shanghai held a press conference by the municipal government to introduce the results of the five-year development and construction of the North Bund, among other related issues. According to Securities Times reporters at the meeting, the North Bund Financial Aggregation Zone is actively building a private equity investment aggregation zone and planning a merger and acquisition resource aggregation zone. In the future, the focus will be on "two kilometers," guiding financial vitality to continuously stimulate scientific and technological innovation and serve the real economy. The "two kilometers" consist of the "first kilometer" for innovation incubation, developing risk capital and strengthening patient capital, guiding investments in early stages, small investments, long-term investments, and hard technology. Currently, more than 2,100 asset management institutions, including VC and PE institutions, have gathered with a total managed scale of 8 trillion yuan. The "last kilometer" for enterprise listings integrates listing and financing service centers to assist scientific and technological enterprises in upgrading and expanding. Enterprises such as Botai and Shuchuan have already initiated listings. In addition, the Shanghai North Bund Financial Aggregation Zone has innovatively established an enterprise out-of-court restructuring center in a market-oriented manner to effectively connect court-ordered restructuring, intervene in rescue of struggling enterprises, and serve the special asset market.