Stock Exchanges Plan Tougher Delisting Rules
The Chinese mainland’s two stock exchanges are preparing to toughen regulations that could lead to more companies being delisted as part of a campaign to clean up the country’s equity markets.
The draft rules, published simultaneously by the Shanghai and Shenzhen stock exchanges, come as legislators at the annual session of the National People’s Congress call for harsher punishment for fraud in the securities market. They also follow an announcement by the China Securities Regulatory Commission (CSRC) that it is revising its delisting rules and will delegate responsibility for drafting and implementing specific new regulations to the bourses.
- 1Update: China Demands Answers for Swedish Police’s ‘Brutal’ Treatment of Tourists
- 2China Could Ban Exports of Products Crucial to U.S. Manufacturers, Former Finance Minister Says
- 3 State-Owned Firms to Build $6.5 Billion Petrochemical Refinery in Alberta
- 4Bad Bank’s New Boss Begins by Erasing Fallen Predecessor’s Legacy
- 5Merck Slashes Key Cancer Drug Price for China
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas