Through a series of measures including improving the laws and regulations for merger, acquisition and reorganization, unifying examination and verification standard, and optimizing the internal process, CSRC much shortens the examination and verification time for administrative permission of merger, acquisition and reorganization. CSRC had concluded 143 applications for administrative permission of merger, acquisition and reorganization from January to September of 2012, among of which 81 were accepted and concluded in 2012. Since May, it has spent about 1 month on average for each application for administrative permission from acceptance to submission to RCMAR for examination, except the examination of the administrative permission issues suspended due to suspected insider trading.
At the same time, CSRC insists on advancing openness and transparence about the whole process of examination and verification. Since 2010, CSRC has published 15 concerns about common issues of merger, acquisition and reorganization, 39 answers for common questions, and released 6 legal application opinions, 1 supervision guidance, with the aim of constantly improving the transparence of examination and verification standard.
Landmark building should respect the public's feeling
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