商业银行并购贷款管理办法公开征求意见

Core Viewpoint - The Financial Regulatory Administration has released a draft for the "Management Measures for Commercial Bank Mergers and Acquisitions Loans," aiming to enhance the support for corporate financing needs in mergers and acquisitions, thereby promoting the modernization of the industrial system and the development of new productive forces [1][2]. Group 1 - The draft proposes to increase the upper limit of the proportion of acquisition loans to the transaction price and extend the maximum loan term to better meet reasonable financing needs of enterprises [1][2]. - The revision allows acquisition loans to support certain conditions for equity acquisitions, expanding the applicable scope of acquisition loans beyond just controlling acquisitions [2]. - The draft sets differentiated qualification requirements for banks engaging in controlling and equity acquisition loan businesses, including regulatory ratings and asset scale requirements [2]. Group 2 - The measures emphasize the assessment of repayment capacity, requiring banks to evaluate the acquirer's ability to repay loans while considering the risks associated with the acquisition [2]. - The draft stipulates that the proportion of controlling acquisition loans to the transaction price must not exceed 70%, with equity funds accounting for at least 30% of the transaction price [2]. - For equity acquisitions, the proportion of loans must not exceed 60%, with equity funds making up at least 40% of the transaction price, and the maximum loan term for controlling acquisitions is set at ten years, while for equity acquisitions, it is seven years [2].