Press "Enter" to skip to content

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

CHECK THE WIRE FOR REAL-TIME NEWS UPDATES

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 . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting on China's economy and financial markets 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
  • Daily Brief newsletters to get you prepared for every trading day

 

FREE TRIAL cancel any time

We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In

 

Top