China Securities Regulator: will boost market confidence with various measures - Reuters

Liu Shiyu, Chairman of the China Securities Regulatory Commission (CSRC) said on Friday that the regulator will help resolve liquidity difficulties at listed companies caused by stock pledging.

Shiyu added further that it will speed up approval for mergers and acquisitions as part of efforts to boost market confidence.

Key points

• To support SMES' issuance of high-yield bonds and other debt products.
• To encourage funds managed by local governments to help resolve liquidity difficulties caused by stock pledging.
• To encourage private equity funds to buy listed firms' shares, participate in m&a of listed firms.
• To support foreign asset management firms in conducting business in China.
• Will speed up the review process for M&A, encourage and support M&A by listed companies.