The former CBRC had some special risk management requirements for commercial banks to offer M&A loans, including: (1) sound risk management and effective internal control mechanism; (2) The capital adequacy ratio is not less than10%; (3) The balance of all M&A loans of commercial banks shall not exceed 50% of the bank's net Tier 1 capital in the same period; (4) The M&A loan balance of a commercial bank to a single borrower shall not exceed 5% of the bank's net Tier 1 capital in the same period; (5) The ratio of M&A loan to M&A transaction price should not be higher than 60%; (6) The term of M&A loan generally does not exceed 7 years; (7) Commercial banks should have professionals who are familiar with M&A-related laws, finance, industry and other knowledge, commensurate with the scale and complexity of M&A loan business.