CSRC: Increase tolerance for changes in financial condition, inter-industry competition, and regulation of related transactions.

The China Securities Regulatory Commission (CSRC) released the "Decision on Amending the Management Measures for Major Asset Restructuring of Listed Companies", increasing the tolerance for regulating changes in financial conditions, industry competition, and related party transactions. The requirement for listed companies to fully disclose and explain that the transaction is beneficial for "improving financial conditions", "reducing related party transactions, avoiding industry competition, and enhancing independence" has been adjusted to "will not result in significant adverse changes in financial conditions, will not lead to significant adverse effects of industry competition, and will not seriously affect independence or fairness in related party transactions".