The Shanghai Hongqiao Mergers and Acquisitions Cluster was unveiled and an action plan for its construction was released at a conference held on Feb 26.
The action plan makes clear that by 2027 Shanghai intends to fully establish the cluster's layout, forming a "1+3+N" ecosystem of "one database, three alliances, and numerous carriers", cultivate 3 to 5 listed companies with globally-leading M&A capabilities, gather 1 to 2 top funds, and have a total M&A transaction value of more than 50 billion yuan ($6.86 billion).
In order to strengthen the overseas M&A service chain of listed companies and leading enterprises, the action plan proposes to establish consulting centers with the Hongqiao Overseas Development Service Center for overseas investment projects, build an overseas industrial chain featuring new energy vehicles, green energy, and health with the help of the Yangtze River Delta "Belt and Road" High-quality Development Promotion Association, and expand Hongqiao's overseas serving network by setting up exhibition centers and branches.
Hongqiao International CBD has already provided comprehensive services for more than 3,000 enterprises and will enhance support in the M&A sector, seeking to build a dynamic, open, and innovative M&A ecosystem with cross-border capabilities.
The Hongqiao Investment and M&A Alliance, consisting of 26 high-quality platforms, was established, to further the cooperation and exchanges between enterprises in the region, attract more external resources, and inject new vitality into regional economic development.
The alliance will help enterprises to focus on key links in the industrial chain and digital transformation.
A fund will also be set up which will channel capital from listed companies and leading industrial enterprises into emerging industries including low-altitude economy, new information technology, new energy materials, high-end equipment manufacturing, biology, and new medicine. These investments are expected to increase the number of high-quality projects in the CBD.
