New regulations push forward all measures of the "six merger rules" to be fully implemented. Institutions are optimistic about directions such as technological innovation.

On the 16th, the China Securities Regulatory Commission issued a decision to amend the "Administrative Measures for Major Asset Restructuring of Listed Companies", actively responding to market concerns and promoting the comprehensive implementation of various measures in the "Opinions on Deepening the Reform of Mergers and Acquisitions in the Listed Company Market", which will further release market vitality. Yang Chang, Chief Macro Analyst at Zhongtai Securities, stated that the new regulations increase the tolerance of mergers and acquisitions for changes in the financial condition of listed companies, industry competition, and regulation of related party transactions. For example, the requirement that the issuance of shares by listed companies to purchase assets should be beneficial to "improving the financial condition" has been optimized to "will not lead to a significant adverse change in financial condition", reducing the institutional costs of mergers and acquisitions by listed companies and promoting mergers and acquisitions in the technology innovation industry. The new regulations also establish a payment mechanism for the consideration of restructuring shares in installments, which is conducive to addressing the risk of excessive valuation fluctuations and safeguarding the interests of listed companies.