23 September 2018

CSRC to tighten supervision over asset revamps, Xinhua says

The China Securities Regulatory Commission (CSRC) said it will tighten supervision over substantial asset reorganization of listed firms in a bid to prevent insider trading, and will suspend or cancel the approval of such reorganizations in suspect cases, the official Xinhua news agency reported over the weekend. The regulator said it will expand its supervision to include the period before, during and after such reorganizations. Media reports have suggested that the CSRC will adopt a separate system to supervise asset revamps in mergers and acquisitions, the report said.

– Contact HKEJ at [email protected]




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