On June 20, China’s securities regulator released draft rules to ease restrictions on the mergers and acquisitions (M&A) involving listed companies. The new rules will allow companies to more quickly inject their assets into a publicly listed shell company after the acquisition. It’s a process known as a “backdoor listing.” The draft will also lift the ban on the backdoor listings through companies traded on the tech-heavy ChiNext board of the Shenzhen Stock Market.