The Shenzhen Municipal Financial Work Committee promulgated the "Action Plan for Promoting High-Quality Development of Mergers and Acquisitions in Shenzhen (2025-2027) (Draft for Public Comment)" proposing quantifiable overall goals. This includes promoting the total market value of listed companies in Shenzhen to exceed 15 trillion yuan by the end of 2027, completing over 100 merger and acquisition projects, and surpassing a total transaction value of 30 billion yuan, among others.

In supporting listed companies in transitioning towards new quality production directions, the action plan suggests focusing on strategic emerging industries and future industries for mergers and acquisitions. It supports enterprises in utilizing stock and debt financing for mergers and acquisitions through "green channel" policies, expanding the focus on hard technology attributes of new quality production forces like "three innovations and four news".

The action plan emphasizes connecting the Hong Kong capital markets to access domestic and overseas merger and acquisition resources. It strongly supports industry-leading enterprises meeting certain conditions, acquiring overseas market targets to Hong Kong for refinancing. Encourages the establishment of investment funds related to mergers and acquisitions through deepened cooperation between the Shenzhen Stock Exchange and the Hong Kong Stock Exchange (00388.HK) in exploring deepening mechanisms for stock and debt financing, merger and acquisition restructuring systems, seeking to promote innovative merger and acquisition cases.

The action plan also mentions supporting listed companies to expand merger and acquisition businesses internationally by supporting Shenzhen's listed companies in acquiring quality overseas assets, providing some facilitation support in terms of cross-border stock swaps.