LINE

Text:AAAPrint
Economy

China's M&As grow rapidly in January-November: official

1
2018-12-31 08:15:08Xinhua Editor : Gu Liping ECNS App Download

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.

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.