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中金公司陈洁:新战投办法实施后,跨境换股更为便利,帮助中国企业实现更深度跨境产业合作
Xin Lang Zheng Quan·2025-11-12 11:51

Core Insights - The Shanghai Stock Exchange International Investor Conference was held on November 12-13, highlighting new favorable conditions for both Chinese companies going abroad and foreign companies entering China due to the new strategic investment regulations [1] Group 1: Strategic Investment Regulations - The new strategic investment regulations ("Management Measures for Foreign Investors' Strategic Investment in Listed Companies") create more favorable conditions for cross-border investments [1] - The implementation of the new regulations facilitates cross-border share swaps, enhancing deeper cross-border industrial cooperation for Chinese companies [1] Group 2: M&A Business Insights - The head of the M&A business at CICC, Chen Jie, noted that historically, the firm's M&A business was split evenly between domestic and cross-border projects, with cash being the primary payment method for cross-border deals [1] - The new regulations allow foreign partners to participate in joint acquisitions and developments, enabling them to convert equity into liquidity at the listed company level, which is beneficial for Chinese companies seeking foreign partners [1]