政府新闻

City News

上海证券交易所为科技企业并购开辟绿色通道   2023-12-25

 


Shanghai Bourse mulls green channel for tech M&As

The Shanghai Stock Exchange is considering setting up a fast-track route for the mergers, acquisitions, and restructurings of technology companies that have made breakthroughs in their fields so as to strengthen their ability to innovate.

A streamlined M&A review process would boost the dynamism of these firms, the SSE told Yicai after brokers, investment institutions, and representatives of listed firms exchanged ideas at a recent symposium organized by the bourse. 

The issues discussed at the event included the reasonable valuation of technology and innovation enterprises, regulatory oversight of performance commitments, payment tool selection, and the efficiency of M&A reviews.

Brokers suggested the use of a valuation logic that suits the characteristics of tech-oriented enterprises, considering their high initial investment, high growth potential, and fast growth rates. That would include allowing asset buyers to use more flexible payment methods and appropriately easing M&A regulations.

M&As will likely become the main way for venture capital to exit startups in China, industry insiders noted. They proposed optimizing and refining the rules governing the process, including the length of the equity lock-up period, regulatory arrangements for performance commitments, and M&A review system.

Regulators should also provide targeted information disclosure system support for the mergers and acquisitions of technology and innovative companies, according to the representatives of listed firms at the symposium.

The SSE's Nasdaq-like Star Market has disclosed about 350 asset transactions so far, all M&As in the same industry or along the supply chain.

Source: Yicai Global

 


注册记者登录

 

 

记者点此免费注册 | 忘记密码

采访申请流程

06月08日 21315203 受理中
02月16日 21315167 已办结
01月26日 21315166 已办结

咨询申请流程

06月12日 02131545 已办结
05月12日 02131544 已办结
05月06日 02131541 已办结

查看全部 »

共性问题提示

Q: 问:如果想要迅速了解上海这座...
A: 答:请注册登陆本网站“今日上...
Q: 问:如果您想在上海进行采访,...
A: 答:(1) 请注册登陆本网站...
Q: 在哪里可以买到上海的地图?
A: 上海各大书店中均有出售,一些...