Major Asset Reorganization Measures

Administrative Measures for Major Asset Reorganizations of Listed Companies

The core CSRC departmental rule for listed-company M&A and major asset reorganizations. The 2025 revision introduced staged share consideration, a simplified review track, and new-Company-Law alignment updates.

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Departmental rule Metadata only Order No. 230

Issuing body

China Securities Regulatory Commission

Promulgation date

2025-05-16

Effective date

2025-05-16

Language status

Official Chinese plus reference English

Topics

Listed companies, Corporate governance, Disclosure

Version chain

Major Asset Reorganization Measures -> Major Reorganization Measures (2014) -> Major Reorganization Measures (2008)

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