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CSRC issues the Several Opinions on Reforming, Improving and Strictly Implementing the Delisting System of Listed Companies
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Chinese
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Category：Legislative Updates
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Subject：Companies and enterprises
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Keywords：China Securities Regulatory Commission; listed companies; the delisting system
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Source：Pkulaw
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Publish Date：10-23-2014
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The China Securities Regulatory Commission recently issued the Several Opinions on Reforming, Improving and Strictly Implementing the Delisting System of Listed Companies, which came into force after 30 days from the date issued. This means that the Chinese stock market is to open a new delisting channel.
The Opinions reform and improve the delisting system in five aspects: (1) improving voluntary delisting system for listed companies, (2) clarifying implementation of compulsory delisting system for companies with material violation, (3) strictly implementing the compulsory delisting indicators in the categories of market transaction and financial, (4) improving the auxiliary systems and arrangement relating to delisting, and (5) enhancing the protection of legitimate interests and rights of investors of delisted companies.
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