Stricter market rules take aim at law-violating firms
By Cai Xiao and Zhou Lanxu | China Daily | Updated: 2018-07-30 07:57
Companies that endanger public health would be forced to delist
The China Securities Regulatory Commission announced it has amended the rules on the delisting criteria of A-share listed companies, and experts are saying this will improve governance and crack down on speculative activity.
"China's securities regulator has specified corporate behaviors that will trigger delisting from stock exchanges in the revised rules, which will make compulsory delisting more doable and improve the efficiency of delisting processes," said Dong Dengxin, a finance professor at Wuhan University of Science and Technology.
Photo