On February 14, the CSRC released its Decision on Amending Articles 62 and 63 of the Measures for the Administration of the Takeover of Listed Companies (中国证券监督管理委员会关于修改〈上市公司收购管理办法〉第六十二条及第六十三条的决定). The amendments come into force on March 15 and “hope to reduce price volatility and enhance the fairness of trade,”
Stricter rules on acquisitions released
The Chinese Securities and Regulatory Commission has amended articles 62 and 63. The changes to the acquisition process are minor, but setting up an expert advisory committee is an encouraging step.
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