在为提振经济疲软、作为北京最新一揽子刺激计划一部分的背景下，中国证监会出台了新的指导方针，旨在推动上市公司的并购重组活动。
为了提升并购交易效率，该监管机构将简化审批流程并缩短符合条件上市公司的审核时间。同时，鼓励这些公司分期分批发行股票和可转换债券以筹集资金，增加操作灵活性。
证监会强调，“并购、收购与重组是支撑经济转型与高质量发展的关键市场工具”，此举意在强化资本市场作为企业并购主渠道的作用。为刺激经济增长，中国央行行长及证监会主席吴清、国家金融监管总局局长李云泽共同主持了周二的罕见经济措施发布会议。
据证监会透露，新的措施还将优化并购交易的审批政策，基于估值、业绩承诺和竞争情况等因素提高容忍度，以实现资源更优配置。同时，鼓励加快行业整合步伐，并且提倡私募股权基金积极参与此类活动。此外，证监会还重申了加强监管力度与维护市场秩序的决心。
上述发布旨在通过并购重组这一手段促进经济结构优化升级，并为高质量发展提供支持，强化资本市场在企业并购中的核心地位，同时确保市场的健康有序运行。
新闻来源：www.bloomberg.com
原文地址：China Unveils New Measures to Boost M&A, Restructuring
新闻日期：2024-09-24
原文摘要：
China’s securities regulator rolled out new guidelines to promote mergers and restructuring among listed companies as part of Beijing’s latest stimulus package to bolster the sagging economy. The China Securities Regulatory Commission will actively support deals involving strategic industries and key assets to upgrade toward the as President ’s economic shift is known.In a bid to boost deal efficiency, the CSRC will simplify its approval procedures and shorten the review time for qualified listed companies. The regulator will urge these firms to fund their M&A and restructuring deals in phases, including issuing shares and convertible bonds in batches to enhance flexibility. “Mergers, acquisitions and restructuring are important market tools to support economic transformation and achieve high-quality development,” the CSRC said in a statement Tuesday, adding that the new measures are aimed at leveraging capital markets as the main channel for corporate M&A.China unveiled a broad package of economic measures to boost its stuttering economy in a rare briefing on Tuesday hosted by the People’s Bank of China governor , along with CSRC chief Wu Qing, and Li Yunze, head of the National Financial Regulatory Administration.Read More: CSRC added it will also improve regulatory tolerance for M&A deals based on valuations, performance commitments and competition to achieve better resource allocation. The regulator also vowed to strengthen industry consolidation among listed companies, while encouraging private equity funds to actively participate in deals. It also reiterated its plan to strengthen regulatory oversight to maintain market order.
