What is the process for the CSRC to approve mergers and acquisitions, and what is the required date?

Legal analysis: the merger and reorganization of listed companies is a resource reorganization involving both parties or even many parties. The reorganization process needs to be submitted to the supervision department of listed companies of China Securities Regulatory Commission for review and profit approval.

1. Give feedback, that is, ask listed companies and their intermediaries to answer the problems found in the audit;

2. Reply to feedback (reply within 30 days);

3. Feedback again-reply again;

4. Hold a working meeting between M&A and the Reorganization Committee to consider the reorganization matters (the suspension will be suspended for 5 working days from the day after receiving the notice of the meeting to the day after the end of the meeting);

5. After the reorganization and resumption of trading, like other stocks, there are price limits.

Legal Basis: Notice of China Securities Regulatory Commission on Several Issues Concerning the Major Purchase and Sale of Replacement Assets by Listed Companies Article 7 After receiving all the materials submitted by listed companies, China Securities Regulatory Commission will conduct audit work, and the audit time will not exceed 20 working days.