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在线翻译:
szdaily -> Markets -> 
Delisting rules toughened
    2018-03-12  08:53    Shenzhen Daily

STOCK exchanges in Shanghai and Shenzhen published Friday draft rules that would force a company to delist in the event of serious rule violations, as regulators step up efforts to discourage speculative trading.

The rules came a week after the China Securities Regulatory Commission (CSRC), China’s stock regulator, begun soliciting public opinion on revised delisting rules to promote the healthy development of the domestic capital market and prevent financial risks. The CSRC also said that the bourses should bear more responsibility in delisting enforcement.

According to the draft rules, violations that could trigger a delisting include fraudulent initial public offerings, serious information distortion in financial disclosures and grave illegal activities in daily operations.

China set up a delisting mechanism in 2014, but tougher delisting rules are needed to keep the stock market healthy and protect small investors’ interests, the Shanghai Stock Exchange said in a statement Friday.

Besides improving delisting rules, China will step up efforts in delisting “zombie companies” and companies with long-term losses and severely poor financial status, according to the CSRC.

(SD-Agencies)

 

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