Zhejiang: Encourage government investment funds and state-owned enterprises to partner with social capital to establish private equity secondary market funds in accordance with regulations. Actively undertake projects exiting the province's seed funds, angel funds, and other investments.

The Zhejiang Province publicly solicits opinions on "Several Measures to Empower Innovation in Zhejiang Construction with Science and Technology Finance and Develop New Quality Productivity Adapted to Local Conditions". It mentions broadening diversified channels for fund exit. It encourages government investment funds and state-owned enterprises to jointly establish private equity secondary market funds with social capital in a standardized manner, actively undertake projects exiting from provincial seed funds, angel funds, etc. It explores the establishment of provincial merger and acquisition funds, encourages local and social capital to establish merger and acquisition funds, and increases support for the field of scientific and technological innovation. It supports technology-based enterprises that break through key core technologies to make good use of the "green channel" mechanism for listing financing, mergers and acquisitions, and bond issuance, to help venture capital effectively exit. It supports qualified private equity venture capital fund managers to strive for physical distribution of stocks for private equity venture capital funds, and distribute the listed company stocks they hold to investors through non-trading transfers.