Apr 13, 2024 04:10 AM
FINANCE
CSRC Embarks on Market Clean-up with Stricter Criteria for Delisting
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A total of 135 companies have delisted from China’s A-share market since 2020.
China’s securities regulator issued guidelines Friday for the strict implementation of delisting regulation to improve the stock market and protect investors’ interests.
The China Securities Regulatory Commission (CSRC) promised to clear out “zombie shell” companies and “black sheep” stocks and reduce the value of shell resources through stricter delisting regulation, while expanding diverse exit channels and strengthening investor protection.
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