金融监管总局推动商业银行优化并购贷款服务

Core Viewpoint - The Financial Regulatory Bureau has revised the "Guidelines for Risk Management of Mergers and Acquisitions Loans" to promote the optimization of merger loan services by commercial banks, supporting the construction of a modern industrial system and the development of new productive forces [1][2]. Group 1: Revision of Guidelines - The revised "Measures for the Management of Mergers and Acquisitions Loans" consists of 33 articles, focusing on expanding the applicable scope of merger loans to include certain equity mergers under specific conditions [2]. - The new measures set differentiated operational qualification requirements for commercial banks engaging in control-type and equity-type merger loans, including regulatory rating and asset scale requirements [2]. - Loan conditions have been optimized, increasing the upper limit of merger loans as a percentage of the transaction price and extending the maximum loan term to better meet reasonable financing needs [2]. Group 2: Emphasis on Debt Repayment Capacity - The guidelines emphasize the assessment of debt repayment capacity, requiring banks to evaluate the acquirer's ability to repay loans while considering the risks associated with the merger transaction [2]. - Banks are encouraged to focus on the development prospects, synergy effects, and operational efficiency of the merged entity in a multi-dimensional assessment of the impact on merger loans [2]. Group 3: Future Implementation - The Financial Regulatory Bureau will carefully consider feedback from various parties to further modify and improve the measures before timely implementation, aiming to promote the healthy development of merger loan business and support industrial transformation and upgrading [2].