BUSINESS China's securities watchdog approves more M&A applications

BUSINESS

China's securities watchdog approves more M&A applications

Xinhua

11:11, November 21, 2018

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(Photo: VCG)

BEIJING, Nov. 21 (Xinhua) -- 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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