The China Securities Regulatory Commission (CSRC) confirmed plans which include 10 measures to promote mergers and acquisitions (M&As) in the capital market, China Securities Journal reported Wednesday.
The measures include promoting the overall listing, preventing insider trading, improving the system of suspension and resumption of trading, and finalizing an information disclosure system, according to the report.
The CSRC will set up specific programs for each aspect and set up regulations accordingly. Those specific measures will be released one-by-one when related programs and regulations are mature, the journal reported.
The recently-released draft of revised regulations for major asset restructuring and finance packaging for listed companies is part of a much bigger plan. This draft is concerned with regulating backdoor listings, completing a system of issuing shares and purchasing assets, and supporting the financing package for M&As, according to the report.
