Guangdong: Accelerate the cultivation of new growth tracks and support enterprises in reasonably planning their IPO strategies

Securities Times Reporter Wu Shaolong

On March 10, the “Guangdong Province Action Plan for Accelerating the Cultivation and Development of New Tracks to Lead the Construction of a Modern Industrial System (2026–2035)” (hereinafter referred to as the “Plan”) was officially released.

As a guiding document for Guangdong’s “14th Five-Year Plan” and medium- to long-term industrial development, the “Plan” clearly sets phased goals: by 2030, a preliminary formation of a new track cultivation and promotion mechanism across the province; aiming to develop more than three trillion-yuan-level tracks, over five 500-billion-yuan tracks, and more than ten 100-billion-yuan tracks; over 40,000 specialized and innovative small and medium-sized enterprises; more than 3,500 national specialized and innovative “Little Giant” enterprises; and over 350 national manufacturing single-industry champions.

The “Plan” highlights the initial focus on developing 53 new tracks, including artificial intelligence, intelligent humanoid robots, cell and gene therapy, and synthetic biology. It also mentions that during the “14th Five-Year Plan” period, efforts will be made to promote 34 new track fields such as artificial intelligence to “scale up and gain momentum,” accelerating the development of emerging pillar industries; and to proactively layout 19 new track fields like intelligent humanoid robots to shape new development drivers and competitive advantages for the future.

The “Plan” also states that a tiered cultivation plan for enterprises preparing for listing in new tracks will be implemented, supporting new track enterprises to reasonably plan their IPO strategies; supporting leading enterprises in new tracks listed on A-shares to go public in Hong Kong; supporting new track enterprises listed in Hong Kong to list on the Shenzhen Stock Exchange; encouraging growth-stage new track enterprises with industry leadership and rapid performance growth to list on the STAR Market or ChiNext; and encouraging innovative small and medium-sized enterprises in new tracks to list on the Beijing Stock Exchange or be listed on Guangdong regional equity markets.