Mergers and Acquisitions

China Securities Regulatory Commission has issued measures aimed at regulating the financial consultants who provide advice to listed companies in China. Although it is seen as a step in the right direction, by bringing China more into line with the world's mature capital market environments, for many the measures do not provide a level playing field for M&A activity in China.

Restrictions set on securities companies' business scope.

Poly Investments has carried out the first share swap in China under new M&A rules, but uncertainty still surrounds the treatment of acquiring equity interest.Poly's…

China Netcom has proposed a US$24 billion merger with China Unicom as part of a broader restructuring of China's telecommunications sector.Under the…

California-based Heckmann Corporation (Heckmann) has acquired China Water and Drinks (China Water) for US$625 million. While Heckmann is a US blank check…

Poly (Hong Kong) Investments Limited (PIL), a company incorporated in Hong Kong and listed on the Hong Kong Stock Exchange, has acquired the entire equity…

China Merchants Bank has acquired Wing Lung Bank, which is valued at approximately US$4 billion, or 3.1 times book value. Wu Jieh Yee Company is the single-largest…

IPOs not allowed within a year of thorough reorganization.

The Ministry of Industry and Information, the National Development and Reform Commission and the Ministry of Finance have issued a joint statement to confirm…