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China Galaxy Securities stated that the People's Bank of China and six other departments issued the "Guidelines on Financial Support for New Industrialization", aiming to support the development of high-end, intelligent, and green manufacturing by 2027. The financial system will become more mature with a richer range of products, including loans, bonds, equities, and insurance, all interconnected more closely while effectively preventing cross-sector financial risks. The policy emphasizes six main points: first, it highlights the theme of "new industrialization" for the first time and provides a systematic financial support path; second, it emphasizes the coordinated efforts of five major financial instruments - investment, loans, bonds, equities, and insurance - to form a comprehensive policy framework; third, it focuses on addressing the difficulties of long-term financing for the manufacturing industry by promoting the dual drive of policy-based and market-based mechanisms; fourth, it emphasizes the deep linkage between the capital market and industrial upgrading, emphasizing the use of various capital market tools such as mergers and acquisitions, IPOs, and REITs; fifth, it focuses on key industries and regions with guidance for the successful implementation of new industrialization; sixth, it strengthens supervision, risk prevention, and emphasizes the importance of risk prevention mindset.