Reforms help facilitate more M&A activity

Encouraging mergers, acquisitions to boost support for high-quality growth

China's stepped-up reforms to encourage mergers and acquisitions will provide strong support for industrial upgrading despite external challenges, while further efforts can be made to enhance the campaign, said a political adviser and veteran investor.

"The country's recent policy signals regarding the capital market emphasize market stability, deepened reforms and risk prevention, reflecting a clear and positive direction for investors," said Zhang Yichen, a member of the 14th National Committee of the Chinese People's Political Consultative Conference, the country's top political advisory body.

"Against the backdrop of challenges in China-US investment relations, these policies will provide strong support for private tech enterprises, helping them play a greater role in independent innovation and industrial upgrading," said Zhang, who is also chairman and CEO of CITIC Capital Holdings Ltd, a leading alternative investment management and advisory firm.