(ECNS) - The China Securities Regulatory Commission, which oversees new initial public offerings, announced on Monday that it has rolled out a new mechanism to accelerate IPO approvals for smaller mergers and acquisitions.
A CSRC official said more than 90 percent of M&A transactions no longer needed CSRC approval, which was often a lengthy process, thanks to efforts to significantly eliminate and streamline administrative procedures in recent years.
To further stimulate market vitality and boost real economy, the CSRC has introduced a fast-track service for smaller M&A deals that become more active in the securities market but without major asset restructuring.
The official also said the CSRC will further strengthen supervision measures to ensure the accountability of stakeholders, including financial advisors, asset assessment and other intermediaries, while promoting market-oriented reforms in accordance with laws and regulations.
