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
Xiaomi Steps Up AI Investment With New Models
AI Firm SiliconFlow Raises New Funds
China Seeks to Protect Minors With Proposed AI Rules
LATEST
Xiaomi Steps Up AI Investment With New Models
AI Firm SiliconFlow Raises New Funds
China Seeks to Protect Minors With Proposed AI Rules
Chinese Smartphone Makers Bet on AI Agents to Revive Demand
CXMT Begins Mass Production of Fifth-Generation Memory Chips
China’s AI Hiring Surges as Industry Pivots to Practical Applications
Huawei Speeds Up AI Chip Roadmap, Unveils Optical ‘Super Node’
Hikvision Overhauls Compliance Process to Tackle Fragmented Foreign Regulations
Nubia Releases Second-Generation AI Phone
China Targets $4.5 Trillion Tech Manufacturing Sector by 2030
Chinese Space Startup Raises New Funds in Reusable Rocket Push
ByteDance Adds AI Agents to Feishu in Enterprise Push
Hong Kong Bets on Global Links to Win Mainland Business
Z.AI Raises $5 Billion in Share Placement, Convertible Bond Sale
Ant Group Rolls Out AI Payment Trust System to Break Agent-Commerce Bottleneck
Enflame Surges 188% in Shanghai Debut as AI Chip Boom Continues
AI Boom Could Undermine China’s Push for Consumption-Led Growth, Economists Warn
Moonshot AI Expands Enterprise Push Through IT Services Partnerships
Tech Monopolies Could Blunt AI’s Economic Gains, Warns Nobel Laureate Aghion
China’s DeepSeek Launches Smaller, Faster AI Model
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