The head of the Finance Department of the Ministry of Commerce said that the China Securities Regulatory Commission and other departments have launched a series of supporting measures around exit channels such as overseas listings, mergers and acquisitions, and share transfers. Overseas listing is supported. It will continue to improve the quality and efficiency of overseas listing filing management, speed up the filing process, and continue to clear overseas listing channels for technology-based enterprises. At the same time, we will continue to promote deepening practical cooperation between the Mainland and Hong Kong capital markets and strengthen the role of Hong Kong's technology-based enterprises as an international financing platform. From the implementation of the “Trial Measures on the Administration of Overseas Issuance of Securities and Listing by Domestic Enterprises” on March 31, 2023 to the end of March 2024, the filing of 122 companies for initial public offerings abroad has been completed. Of these, 71 companies plan to go public in Hong Kong.