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China relaxes M&A rules for listed firms, allows back-door listing on Chinext by some companies

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China’s securities regulator on Friday removes profitability requirements in mergers and acquisitions (M&A) for listed companies, in a bid to allow them to improve businesses through asset restructuring amid economic slowdown.

The new rules also include easing fundraising restrictions for publicly traded firms as a way to help boost cash flow, as well as support for back-door listings by companies in the strategically important hi-tech sectors and emerging sectors on the ChiNext . . .

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