The State Financial Supervisory Administration issued a notice on the issuance of the “Administrative Measures on M&A Loans of Commercial Banks”. Among them, it is proposed that a shareholding merger and acquisition loan refers to a loan that supports a single merger and acquisition party to participate in a target enterprise, but has not achieved control over the target enterprise, but the share ratio of the target enterprise must not be less than 20% at a time. A single merger and acquisition party already holds 20% or more of the target company's shares. In order to further increase its shareholding ratio in the target enterprise, but no control has been achieved, it can apply for a shareholding type merger and acquisition loan, but the share ratio for a single transfer or subscription shall not be less than 5%.

The State Financial Supervisory Administration issued a notice on the issuance of the “Administrative Measures on M&A Loans of Commercial Banks”. Among them, it is proposed that a shareholding merger and acquisition loan refers to a loan that supports a single merger and acquisition party to participate in a target enterprise, but has not achieved control over the target enterprise, but the share ratio of the target enterprise must not be less than 20% at a time. A single merger and acquisition party already holds 20% or more of the target company's shares. In order to further increase its shareholding ratio in the target enterprise, but no control has been achieved, it can apply for a shareholding type merger and acquisition loan, but the share ratio for a single transfer or subscription shall not be less than 5%.