China's securities regulator tightens delisting regulation
Release time：2024-05-01 16:18:33 Source：Global Glimmer news portal
-
BEIJING, April 12 (Xinhua) -- China's securities regulator on Friday released a guideline on strict implementation of delisting regulation. The guideline, released by the China Securities Regulatory Commission, focuses on improving the overall quality of listed companies, clearing out "zombie shell" companies and "black sheep" stocks, and reducing the value of "shell" resources through stricter delisting regulation, expanding diverse exit channels and strengthening investor protection. Specifically, the guideline demands adopting stricter standards for compulsory delisting, forcing companies found guilty of serious falsification within a year or engaging in continuous falsification to delist. It also calls for a resolute crackdown on vicious and long-term systemic financial frauds. It requires improving policies and regulations in areas such as mergers and acquisitions, encouraging and guiding leading companies to integrate industrial chains based on their main businesses. The guideline also urged efforts to intensify delisting supervision, severely punish illegal activities such as financial fraud, insider trading and market manipulation, and optimize investor compensation remedy mechanisms. The commission released the aforementioned set of measures after China's State Council released a guideline on strengthening regulation, forestalling risks and promoting the high-quality development of the capital market. This is the third guideline document on the capital market from the State Council in two decades. The first two were issued in 2004 and 2014, respectively. The country should build a secure, regulated, transparent, open, dynamic and resilient capital market, the State Council guideline noted. The securities regulator has also started soliciting public opinions on six draft rules covering regulations on issuance, listed companies, securities companies and trading, starting on Friday.
（Editor:Liao Yifan）
- Previous：Family appeals ruling that threw out lawsuit over 2017 BIA shooting death in North Dakota
- Next：Rodeo bullfighter wrangles three zebras on the loose in Washington
Related articles
- Alabama lawmakers propose compromise on gambling bill with lottery, electronic wagering machines
- Facing moral questions in a time of 'massive, collective structural problems'
- Movement of pilot's seat a focus of probe into LATAM Boeing flight, report says
- US court blocks strict new immigration law in Texas
- Twins bring closer Jhoan Duran back from injured list with strained oblique muscle
- 'And so it begins': Inside Parliament during the uneasy transition of government
- Auckland woman's breath
- Old commuter carriages blighting Taumarunui scrapped after years of decay
- Capitals' T.J. Oshie hopes to play next season
- Truancy: Why it matters, what the law says and what is being done about it
- Capitals' T.J. Oshie hopes to play next season
- Staff shortages holding up prison improvements
- Movement of pilot's seat a focus of probe into LATAM Boeing flight, report says
- Woman's death after electric blanket fire triggers warning from Coroner
- Lilly rides Mounjaro, Zepbound to better
- Ministry of Health 'taking the time to get it right' on puberty blockers
- Israel approves plan to attack Rafah but keeps truce hopes alive
- Two in custody after armed police swarm Auckland suburb
- Trump says states should decide on prosecuting women for abortions, has no comment on abortion pill
- Doctors who visited Gaza speak of 'atrocities', collapsing healthcare
Random recommendation
Scenery of Xilingol Grassland in Inner MongoliaNanjing County in Fujian develops tourism industry and local economy in sustainable waySceneries of Hutuo River after ecological restoration in Shijiazhuang, N ChinaScenery of azalea blossoms in Zhalantun City, N ChinaA glimpse of lotus flowers in ChinaXi Focus: Xi Urges Modernization of Industrial System, HighScenery of Lhalu wetland national nature reserve in LhasaView of paddy fields in Guiyang, SW China's GuizhouWater projects to help bolster economyXi Focus: Xi's Inspiring Words for Young People
- Copyright © 2024 Powered by China's securities regulator tightens delisting regulation ,Global Glimmer news portal sitemap