Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
In Depth: What’s in the China-U.S. Tariff Truce, and What’s Left Unsettled
LATEST
Meituan Unveils New AI Model Trained on Homegrown Chips
Cover Story: The Global Tech Sell-Off Tests the Economics Behind AI Boom
FCC Votes to Ban Chinese Labs From Testing Electronics for U.S. Market
China Optical Module Stocks Slump Despite Surging Earnings
Tencent Expands Enterprise AI Push With Integrated Workspace
Insta360 Profit Falls 94% Despite Strong Sales Growth
Apple’s Debut Foldable Suffers Hardware and Software Glitches
Unitree Robotics Surges as AI Models Promise to Unlock Robot Potential
Moonshot AI Launches More Powerful Kimi Model
MiniMax Shares Fall Below IPO Price Amid AI Sector Sell-Off
Micron Taiwan Workers Stage Strike Seeking Bigger Share of AI Profits
ByteDance Challenges Claim That AI Dramas Consume 55% of China’s Tokens
MiniMax Cuts API Prices With New Flash AI Model
China Creates National Data Group to Advance Data Economy
U.S. Bans Civilian Federal Agencies From Using DeepSeek Products
China Steps Up AI Investment With $9 Billion Fund Backing Model Developers
China Tightens Export Controls on Drone Parts, Eases Curbs on Farm Models
China Proposes Export Curbs on AI and Solar Technology
Global Smartphone Shipments Fall as Much as 22% as Costs Rise
Chinese AI Chip Startup SUNMMIO Raises Nearly 2 Billion Yuan in a Year
China Relaxes Asset Restructuring Rules for Listed Firms

By Quan Yue and Han Wei / Jun 21, 2019 04:20 AM / Finance

Photo: VCG

Photo: VCG

Chinese regulators are moving to relax restrictions on merger and acquisition deals involving listed companies in a bid to allow them to improve businesses through asset restructuring amid slowing economic growth.

The China Securities Regulatory Commission (CSRC) Thursday issued a draft revision of rules regarding listed companies’ asset restructuring to seek public comments until July 20. The revision scraps profitability requirements in merger and acquisition deals, ease fundraising curbs to support listed companies’ restructuring and encourage high-tech companies to restructure.

Analysts said the revision is aimed at rolling back stringent rules set in 2016 to contain market speculation through restructuring and back-door listings, which blocked some companies’ efforts to improve their asset quality through restructuring.

Under current economic conditions, some companies have been suffering operational difficulties and declining business and need to improve their asset quality through mergers and acquisitions, the CSRC said. “This will further improve the quality of listed companies and boost market vitality,” said the CSRC.

Related: Exchanges Take Aim at Firms Facing Delisting in Bid to Rein In ‘Backdoor Listings’

Share this article
Open WeChat and scan the QR code