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National Development and Reform Commission: Will collaborate with the Ministry of Finance, the People's Bank of China, and other departments to establish a national-level merger and acquisition fund. It is expected to guide and leverage various funds exceeding 1 trillion yuan.
On March 6, Zheng Shanjie, Director of the National Development and Reform Commission, revealed at the press conference on the economic theme of the Fourth Session of the 14th National People’s Congress that this year, the government will collaborate with the Ministry of Finance, the People’s Bank of China, and other departments to establish a national-level merger and acquisition fund, further streamline exit channels for venture capital, improve the efficiency of venture capital turnover, and is expected to guide and leverage various funds exceeding 1 trillion yuan.