Guangdong: Improve the mechanism for entrepreneurial investment exit and actively support eligible entrepreneurial investment institutions to apply for pilot projects of physical distribution of stocks.

The General Office of the People's Government of Guangdong Province recently issued the "Action Plan for Further Promoting the High-Quality Development of Entrepreneurial Investment in Guangdong Province", which proposes to improve the mechanism for entrepreneurial investment exits. Actively recommend technology-based enterprises that break through key core technologies to be included in the green channels for listing financing, bond issuance, and mergers and acquisitions. Give full play to the functions of the main boards, the Science and Technology Innovation Board, the Growth Enterprise Market, the National SME Share Transfer System, regional equity markets, and their specialized boards, to broaden merger and acquisition exit channels. Support technology-based enterprises to apply for overseas listing filing and facilitate the exit channels for foreign currency venture capital funds. Actively support eligible entrepreneurial investment institutions to apply for pilot distribution of physical stocks. Support the development of merger and acquisition funds and secondary market funds for entrepreneurial investment, and support the pilot transfer of equity investment and entrepreneurial investment fund shares in Guangdong regional equity markets and other markets in accordance with laws and regulations.