Regulator streamlines M&A process

The China Securities Regulatory Commission will simplify the review process for major asset restructuring programs and takeovers of listed companies, the market regulator said in a statement on Friday.

Listed companies will no longer need CSRC approval for major asset restructuring programs, except in the case of backdoor listings.

Such listings involve acquisitions of companies that already trade on stock exchanges by enterprises that don't qualify for listings on their own.