【金融街发布】金融监管总局就《商业银行并购贷款管理办法（征求意见稿）》公开征求意见

Core Viewpoint - The Financial Regulatory Administration has revised the "Guidelines for Risk Management of Mergers and Acquisitions Loans by Commercial Banks" and released a draft for public consultation regarding the "Management Measures for Mergers and Acquisitions Loans by Commercial Banks" [1] Summary by Categories Mergers and Acquisitions Loan Types - The draft categorizes mergers and acquisitions loans into two types: control-type loans and equity participation loans [1] - Control-type loans are intended to support acquirers in obtaining control over target enterprises or assets, allowing for the acquisition of existing equity or subscription of new equity [1] - Equity participation loans are designed for acquirers to hold a stake in target enterprises without achieving control, requiring a minimum equity stake of 20% for initial acquisition [1] Loan Application Criteria - Acquirers who have already gained control of a target enterprise can apply for control-type loans to maintain or enhance their control [1] - For equity participation loans, acquirers who already hold 20% or more of a target enterprise's equity can apply for further stake increases, with a minimum acquisition of 5% for each transaction [1]