CSRC said on August 5 that it was speeding up the development of revised regulations on the major asset restructuring of listed companies, which will curb speculative backdoor listings. According to the previous draft for public comments, the revised regulations set out five main indexes to judge whether an acquisition is in fact a major asset restructuring instead of only looking at whether the assets of the unlisted acquiring company were greater than those of the listed one. CSRC said that the commission was studying suggestions from the public and will promulgate the regulations later.
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