Autorité de régulation des marchés financiers : soutenir les sociétés cotées sur le marché des entreprises innovantes dans les fusions et acquisitions de sociétés cotées en Chine depuis moins de trois ans

Mars Finance News, April 10 — With the approval of the State Council, the China Securities Regulatory Commission has issued the “Opinions on Deepening the Reform of the Growth Enterprise Market and Better Serving the Development of New Quality Productivity.”
It proposes to improve the financing and merger-acquisition system, enhancing the flexibility and convenience of equity and debt financing.
Guide listed companies to raise funds reasonably and according to needs, introduce a refinancing reserve issuance system, and allow listed companies to temporarily authorize the board of directors through a shareholders’ meeting to implement simplified refinancing procedures, increasing the upper limit of the simplified procedure.
Support the absorption and merger of domestic listed companies by Growth Enterprise Market listed companies that have been listed for less than three years, while continuing to fulfill regulatory requirements related to the lock-up period.
Support Growth Enterprise Market listed companies with strong operational regulation and innovation capabilities to implement equity incentives with flexible assessment indicators.
Support Growth Enterprise Market listed companies in issuing products such as technology innovation bonds, green bonds, and intellectual property securitization, and support high-quality companies in applying simplified disclosure arrangements for corporate bonds. (CSRC website)