The Guangdong Provincial Government has unveiled the "Measures for Fostering a High-Quality Capital Market to Bolster Guangdong's Modernization Efforts". These measures aim to bolster the capital market's support across all stages of the innovation lifecycle, refine equity financing policies tailored for technology innovation enterprises, and build a multi-tiered support framework that encompasses equity, bonds, funds, futures, and indices. The measures incentivize technology enterprises to issue innovation-focused convertible bonds, science and technology bonds, as well as bonds specifically supporting small and medium-sized enterprises. Additionally, they promote the involvement of technology innovation corporate bonds in market-making activities. Concurrently, the measures support efficient mergers and acquisitions among technology enterprises, foster orderly futures and derivatives innovation, and encourage professional institutions to design index products that direct capital flows towards technology enterprises.
