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China relaxes refinancing rules for Chinext-listed firms, profitability requirement removed

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China is relaxing refinancing rules for Chinext-listed companies and removing profitability requirements for their private placement to encourage more companies to raise funding by selling shares.

Chinext-listed firms seeking private placement are no longer required to be profitable for the past two consecutive years, according to a statement released by the China Securities Regulatory Commission on Friday.

Meanwhile, the regulator removed the requirement for candidate companies to have debt-to-asset ratio above . . .

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