Caixin
Nov 10, 2018 05:33 AM
FINANCE

China Relaxes Refinancing Rules for Listed Firms

Chinese regulators ease rules on private placements. Photo:VCG
Chinese regulators ease rules on private placements. Photo:VCG

China’s securities regulator revised its rules on private share placements as part of efforts to help ease liquidity crunches facing listed companies.

Publicly traded businesses now can use all the money they raise through private share placements to replenish operating capital and repay debts, the China Securities Regulatory Commission (CSRC) said Friday at a press conference.

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