This undated photo shows a view of the Lujiazui area in Shanghai, East China. (PHOTO / XINHUA)
BEIJING - China's securities regulator on Tuesday announced an array of measures aimed at encouraging the merger, acquisition and restructuring among listed companies.
For startups and innovative companies, the mergers and acquisitions will be particularly supported within their respective sectors or industrial chains, the China Securities Regulatory Commission
These measures include enhancing the inclusiveness in pricing restructuring and diversifying the methods for overseeing performance commitments, said the China Securities Regulatory Commission.
Industry leaders with high market values will enjoy a fast-tracked approval process, enabling them to acquire quality assets more efficiently, according to the CSRC.
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For startups and innovative companies, the mergers and acquisitions will be particularly supported within their respective sectors or industrial chains, the CSRC said.
Efforts are also underway to explore approaches to delisting and ramp up the crackdown on financial irregularities, the regulatory commission said.
The CSRC added that it called for listed companies to proactively improve investor returns and maintain market stability.
At a recent symposium, the CSRC recommended that listed companies analyze the reasons behind the abnormal fluctuations in market value movements and implement effective and timely measures to boost the investment value.
The meeting urged efforts to establish a long-term mechanism for increasing investment value, as well as to better utilize the tool boxes such as share buybacks, regular dividends along with mergers and acquisitions.
Listed firms are required to actively strengthen communication with investors effectively in order to improve the expectations, according to the symposium.