One-stop Services for "Hard Tech" Enterprises in Shanghai: SSE and Financial Departments in Shanghai Jointly Hold Training on M&A and Restructuring on the STAR Market
Translated from China Securities Journal | Golden Bull
On December 24, Office of CPC Shanghai Financial Commission, Shanghai Office of China Securities Regulatory Commission, and Shanghai Stock Exchange (SSE) jointly held a special training session on mergers and acquisitions (M&A) and restructuring. The session aimed to provide "one-stop" publicity and training services such as regulatory policies, business practices, and credit support for all 93 local companies listed on the SSE STAR Market in Shanghai.
It is reported that Shanghai is home to 444 A-share listed companies, 14 national financial markets, and over 1,889 licensed financial institutions. The listed companies have a strong foundation, a clear industrial system, and abundant financial resources. Additionally, since the establishment of the SSE STAR Market six years ago, a total of 581 companies have been successfully listed and financed. A chain-cluster development pattern for "hard tech" enterprises has taken shape, showcasing significant strengths in the integrated circuit and biomedicine sectors, which are prioritized for support in Shanghai.
The M&A and restructuring of listed companies is a "systematic project" involving industry due diligence, business negotiations, valuation and pricing, and financing. This training has "systematically integrated" institutions such as financial regulatory authorities, exchanges, securities companies, and banks to offer "one-stop" services to local companies listed on the SSE STAR Market. This approach helps reduce enterprises' cost of information search and accelerates the transaction implementation process. It represents a positive collaborative effort by all parties to support listed companies effectively.
A representative from SSE said that the special training can effectively promote M&A and restructuring policies to "directly" benefit sci-tech innovation enterprises. This ensures that the policies are properly communicated and helps companies fully utilize various institutional tools. Next, SSE will continue to focus on preventing risks, strengthening supervision, and promoting development, further implementing the spirit of various policies and providing regulatory services related to M&A and restructuring.
First, please LoginComment After ~