(1888PressRelease)
February 27, 2008 - The committee will comprise 25 members who will scrutinise deals and restructuring plans, according to a report from the Xinhua news agency.
It is hoped that the body will streamline the procedure for approval of deals and foster a climate that encourages industry consolidation.
The formation of the committee was announced by Shang Fulin, chairman of China Securities Regulatory Commission, who said he hoped it would function "as the responsible gatekeeper, allowing high quality resources and trustworthy shareholders into the capital market while keeping dishonest ones out".
Last year some $10.3 of capital inflows was injected into listed Chinese companies in mergers and acquisition deals.
As a result of the deals, the average earnings per share of the companies involved grew by 75 per cent.
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