Zhejiang: By 2027, the proportion of newly listed companies in the technology field will account for over 80% of the total number of newly listed companies.

The "Several Measures of Zhejiang Province on Empowering Innovation and Building New Quality Productivity Based on Local Conditions in the Field of Science and Technology Finance" is soliciting comments publicly. It mentions supporting technology-based enterprises in IPO mergers and acquisitions. Accelerate the listing of technology companies, with a focus on supporting technology-based enterprises that undertake major national and provincial scientific and technological tasks and breakthrough key core technologies in IPO financing. Around the full chain of enterprise listing development, multi-dimensional empowerment is carried out, including talent pool cultivation, atmosphere creation, value enhancement, supporting services, expert guidance, etc., with the goal of having the number of new technology sector-listed companies account for more than 80% of the total number of new listed companies by 2027. Encourage the establishment of mergers and acquisitions funds through cooperation between government investment funds, listed companies, and technology-leading enterprises, and increase support for mergers and acquisitions of technology-based small and medium-sized enterprises. Actively seek pilot loans for technology company mergers and acquisitions, increase the ratio of loans to merger transaction prices to 80%, and extend the loan term to 10 years.