China Securities Regulatory Commission has issued measures aimed at regulating the financial consultants who provide advice to listed companies in China. Although it is seen as a step in the right direction, by bringing China more into line with the world's mature capital market environments, for many the measures do not provide a level playing field for M&A activity in China.
Poly Investments has carried out the first share swap in China under new M&A rules, but uncertainty still surrounds the treatment of acquiring equity interest.Poly's…
California-based Heckmann Corporation (Heckmann) has acquired China Water and Drinks (China Water) for US$625 million. While Heckmann is a US blank check…
Poly (Hong Kong) Investments Limited (PIL), a company incorporated in Hong Kong and listed on the Hong Kong Stock Exchange, has acquired the entire equity…
China Merchants Bank has acquired Wing Lung Bank, which is valued at approximately US$4 billion, or 3.1 times book value. Wu Jieh Yee Company is the single-largest…
The Ministry of Industry and Information, the National Development and Reform Commission and the Ministry of Finance have issued a joint statement to confirm…
When a securities company is to establish a branch, it shall require the approval of the China Securities Regulatory Commission. A branch shall not have legal personality and its legal liability shall be borne by the securities company.