23 August 2019

CSRC prepares way for stock delisting overhaul, paper says

The China Securities Regulatory Commission is investigating ways to overhaul the stock delisting system and aims to roll out the changes as well as a new system for stocks to switch listing boards this year, the Shanghai Securities News reported Monday, citing commission chairman Xiao Gang {肖鋼}. Xiao said the regulator aims to establish a market-oriented, multi-faceted and normalized delisting system, by which fraudulent listed firms will not only be forced to delist shares but also have to compensate investors and their sponsors. In addition, the regulator plans to submit draft revisions to the securities law to the Standing Committee of the National People’s Congress in December, the report quoted Xiao as saying.

– Contact HKEJ at [email protected]



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