刚刚，千亿级重组获批！

Group 1 - The core point of the news is that China Shenhua has received approval from the CSRC for a significant asset restructuring, marking a milestone in the A-share market and setting a benchmark for state-owned enterprise reform and energy transition [1][2][3] - The restructuring involves the acquisition of equity stakes in 12 core enterprises under the controlling shareholder, National Energy Group, for a total transaction price of 133.598 billion yuan, with 30% paid in shares and 70% in cash [4][5] - This transaction is expected to enhance China Shenhua's core business capacity and resource reserves, with coal reserves increasing by 64.72%, recoverable coal reserves by 97.71%, and coal production by 56.57% [4][5] Group 2 - The new simplified review process established by the CSRC aims to facilitate efficient restructuring for high-quality enterprises, as demonstrated by the rapid approval timeline for China Shenhua's transaction [2][3] - The restructuring is aligned with regulatory policies encouraging industry leaders to consolidate resources, thereby eliminating competition within the same industry and enhancing overall corporate profitability [3][4] - The successful completion of this restructuring is seen as a model for future state-owned enterprise mergers, promoting a more market-oriented and law-based approach to capital market reforms [2][6]