聚焦上市公司并購重組新熱潮

In recent years， the government repeatedly stressed MA and restructuring of listed companies as an important tool \"to promote industrial sector restructuring\". Unfortunately the actual policy supports are limited and the actual effect is minimal. MA and restructuring of listed companies are still lack of vitality， and cannot play the role of resource allocation to the full extent. The companies encountered either complicated approval procedures or a variety of loopholes and conflicts in the law from time to time. Recently， the long-awaited MA and restructuring \"separate track auditing system\" for listed companies is formally implemented， and will undoubtedly improve audit efficiency and inject new impetus for MA and restructuring of listed companies. The possible upsurge of MA and restructuring of listed companies will present new challenges and thinking in policy supports， legal system enhancement and the improvement of supervision and management.

上市公司的并購重組近年作為“促進(jìn)產(chǎn)業(yè)結(jié)構(gòu)調(diào)整”的重要手段被政府不斷強(qiáng)調(diào)，可惜政策上雷聲大雨點(diǎn)小，實(shí)際效果甚微。上市公司的并購重組依然活力不足，并購重組無法充分發(fā)揮資源配置的作用。擺在企業(yè)面前的不是復(fù)雜繁瑣的審批手續(xù)，就是各種不時(shí)出現(xiàn)的法律漏洞和沖突。

近日，醞釀已久的上市公司并購重組分道審核制正式實(shí)施，無疑能提升上市公司并購重組的審核效率，為上市公司并購重組注入了新的推動(dòng)力。而面對(duì)可能出現(xiàn)的上市公司并購重組熱潮，在政策支持、健全法律體系以及完善監(jiān)督管理上，將帶來更多新的挑戰(zhàn)和思考。