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China's securities watchdog approves more M&A applications

Xinhua | Updated: 2018-11-21 11:28
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The CSRC has given the green light to 94 M&A applications by Nov 20 this year, out of a total of 107 applications filed to the regulator. [Photo/VCG]

BEIJING - The China Securities Regulatory Commission (CSRC) has worked faster to approve merger and acquisition (M&A) applications.

According to Wind Info, a financial information provider, the CSRC has given the green light to 94 M&A applications by Nov 20 this year, out of a total of 107 applications filed to the regulator.

The approval rate stood at 87.85 percent.

Since October, the CSRC has unveiled a range of policies loosening restrictions on M&A applications.

Sectors such as new-generation information technology, new material, environmental protection and new energy are to benefit from the loosening policies, according to analysts.

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