China's securities regulator promotes M&A among listed firms

China's securities regulator promotes M&A among listed firms

FILE PHOTO: A Chinese flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China February 8, 2024. REUTERS/Florence Lo/File Photo

China’s securities regulator published guidance on Tuesday encouraging mergers and acquisitions among listed companies as part of efforts to promote “high-quality” growth and economic upgrade.

The China Securities Regulatory Commission (CSRC) said it encourages industry consolidation and supports corporate transformation toward advanced productivity. The watchdog also said in a statement that it will streamline the vetting process to improve restructuring efficiency.

Reuters

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