Economy
22:28, 30-Dec-2018
China's M&As grow rapidly in January-November: official
Updated
21:33, 02-Jan-2019
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China's corporate mergers and acquisitions (M&As) witnessed significant growth in the first 11 months of this year in part due to simplified approval procedures.
The value of M&As totaled 2.3 trillion yuan (around 335 billion U.S. dollars) in the January-November period, up 42 percent year-on-year, said Li Chao, vice chairman of the China Securities Regulatory Commission (CSRC).
The CSRC briskly pushed forward market-oriented reforms this year, making more than 90 percent of such deals free from CSRC approval.
Li also cited top tasks for the securities regulator next year, including a science and technology innovation board, wider opening-up of the capital market and stronger support for long-term funds into the stock market.
Source(s): Xinhua News Agency