Stocks of Shenzhen-based companies stage a strong rally in the A-share market, with Shenzhen SEG and Shenzhen Leaguer hitting limit-up, Shenzhen Zhenye, Konka Group and Shenzhen Textile jumping over 5%.
The rally comes after Shenzhen on Wednesday released an action plan to promote high-quality mergers and acquisitions during the period of 2025–2027.
The plan emphasizes supporting listed companies in transitioning to new productive forces and encouraging them to focus on strategic emerging industries and future industries for mergers and acquisitions.
By the end of 2027, the goal is to comprehensively enhance the quality of Shenzhen-listed companies domestically and abroad, achieve a total market capitalization exceeding 15 trillion yuan, complete over 100 M&A projects, and reach a total transaction value exceeding 30 billion yuan.
