China optimizes management on major assets restructuring of listed companies

China's securities regulator has revised a guideline to improve management of major assets restructuring of listed companies.

The index of net profit was removed from the approval standards for the listing of restructuring companies to simplify the process, according to the China Securities Regulatory Commission.

Restructuring assets that meet the national strategy in high-tech and strategic emerging sectors are allowed to be listed on ChiNext, China's Nasdaq-style board of growth enterprises.

The commission will continue to improve the supervision system and support the injection of more high-quality capital into listed companies, said Cai Jianchun, an official with the commission.