China's securities watchdog approves more M&A applications

BEIJING - The China Securities Regulatory Commission (CSRC) has worked faster to approve merger and acquisition (M&A) applications.

According to Wind Info, a financial information provider, the CSRC has given the green light to 94 M&A applications by Nov 20 this year, out of a total of 107 applications filed to the regulator.

The approval rate stood at 87.85 percent.

Since October, the CSRC has unveiled a range of policies loosening restrictions on M&A applications.

Sectors such as new-generation information technology, new material, environmental protection and new energy are to benefit from the loosening policies, according to analysts.