18 October, the China Securities Regulatory Commission (CSRC) promulgated the measures for the management of major assets reorganization of listed companies. Cancelling the “net profit” index in the recognition standard of reorganized listing and reduce the cumulative period from 60 months to 36 months. Supporting the reorganization and listing of high-tech industries and strategic emerging industries with related assets in the GEM, such as AI, high-end equipment manufacturing, green low-carbon new energy, new materials, biomedicine, information technology and etc. Recovering supporting financing for reorganization and listing; Simplifying the Information Disclosure Requirements of M&A and Reorganization of technical and innovative entrepreneurs
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