Regulator dismisses reports of blacklist

The securities regulator on Friday dismissed reports that it had created a blacklist of 30 to 40 problematic listed companies, which it planned to delist, as it seeks to restore investor confidence through an intensified elimination of law-breaking firms.

Deng Ge, a spokesman for the China Securities Regulatory Commission, said: "Stock exchanges are responsible for the delisting of listed companies. Listed companies should operate according to the rules and regulations."

He also said that plans for the introduction of a new strategic emerging industries board in Shanghai were excluded from the country's 13th Five-Year Plan (2016-20) earlier this month because they are still at the discussion stage.