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China to relax listed firms’ asset restructuring, to remove profitability requirement

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Chinese regulators are moving to relax restrictions on merger and acquisition deals involving listed companies in a bid to allow them to improve businesses through asset restructuring amid slowing economic growth.

The China Securities Regulatory Commission (CSRC)on Thursday issued draft rules that would remove profitability requirements in merger and acquisition deals involving listed companies and companies are encouraged to achieve consolidation and business upgrading through M&A deals.

“This will further improve the quality of listed companies and . . .

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