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China amends rules for delisting companies on stock exchanges

By Cai Xiao | | Updated: 2018-07-28 11:24
Investors look at computer screens showing stock information at a brokerage in Shanghai, Aug 13, 2015.[Photo/Agencies]

China’s securities regulator released a statement Friday night on amended rules related to the criteria for delisting companies on its stock exchanges.

In the amended rules, companies whose activities harm national security, public safety or the public interest could be suspended or delisted. For the first time, the list includes actions that threaten public health.

The China Securities and Regulatory Commission also said stock exchanges should be prepared to suspend or delist companies involved in fraud and in violations in major information disclosures.

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