From Chinese Media
M&As of listed companies hit 989b yuan in 2006-2010
Updated: 2011-02-17 16:54
By Qiang Xiaoji (chinadaily.com.cn)
The capital market played an increasingly important role in mergers and acquisitions (M&As) of China's listed companies in the past five years, the China Securities Journal reported Thursday.
According to the latest statistics provided by Yang, 47 major M&As took place in 2010 with a total transaction amount of 133.8 billion yuan.
This year, the CSRC will promote the healthy and rapid development of M&As in six aspects: M&A bodies, pricing, approval process, risk control, information disclosure and intermediary liability, Yang said.
He said M&As have helped the integration and upgrade of the industry, which greatly promoted the quality of assets and profit levels.
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