Simpler merger code to further boost China's overseas M&A push

Simpler merger code to further boost China's overseas M&A push

A woman stands on an overhead bridge near the construction site of "Kaisa Plaza", then named "Changan No. 8" (L), on a hazy day in Beijing's central business district in this July 28, 2012 file picture. REUTERS/Jason Lee/Files

China is planning to remove the need for State Council approval for large, sensitive outbound deals and will allow Chinese companies to vie for the same target, a move likely to further boost record overseas acquisitions by Chinese companies.

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