China To Support Tech Firm Listings and Restructuring - CSRC

Chinese securities regulator pledged to enhance inclusiveness of stock and bond financing for tech companies and promote mergers and acquisitions, according to a meeting held by the China Securities Regulatory Commission (CSRC) to outline major works in 2023. While pushing the official launch of a registration-based IPO system, the watchdog will introduce more practical measures in key areas and weak links such as serving the private economy, promoting the stable and healthy development of real estate, and supporting internet platforms. It will improve the quality of listed companies, and guide more medium and long-term funds into the market. It will prevent and defuse major financial risks in private equity funds and bond defaults.