When a listed company buys a non-listed company, what policies and regulations do the CSRC and other relevant departments have for both parties to the transaction?

When a listed company purchases the assets of a non-listed company, for example, as long as Company A reaches an agreement with Company B and pays the money (which can be cash, asset replacement or stock issue to Company B), it needs to report the plan to the CSRC for examination and approval, and finally it will be reviewed and approved by the shareholders' meeting.

A listed company refers to a joint stock limited company whose shares are listed and traded on the stock exchange with the approval of the securities administration department authorized by the State Council or the State Council. The so-called unlisted company refers to a joint stock limited company whose shares are not listed and traded on the stock exchange.

A listed company is a joint stock limited company, which must meet certain conditions besides being approved to be listed and traded on the stock exchange. After the revision of the Company Law and the Securities Law, more enterprises will become listed companies and companies whose corporate bonds are listed and traded.