China national M&A fund planning is under study as authorities seek to sharpen the strategic direction of government-backed investment vehicles, the state planner said. Wang Changlin, a vice head of the National Development and Reform Commission, said the proposed national mergers and acquisitions fund would support innovation and entrepreneurship and accelerate the development of so-called new quality productive forces. He added that building a modern industrial system requi

China is moving to tighten oversight of government investment funds as it seeks to steer capital more effectively toward national priorities such as industrial upgrading, innovation and entrepreneurship. The National Development and Reform Commission has issued a trial regulation setting stricter evaluation and management requirements for government investment fund allocations. The NDRC said the framework is intended to align capital deployment more closely with industrial po