Chinese stock exchanges released revised rules to simplify delisting process
Chinese stock exchanges released revised rules to simplify delisting process

Chinese stock exchanges released revised rules to simplify delisting process

 

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The Shanghai Stock Exchange and the Shenzhen Stock Exchange on Monday published proposals for simplifying the delisting process for public companies as China pushes forward with capital market reforms aimed at boosting investment.

The proposed changes are intended to improve the overall quality of listed companies and protect investors’ interests by forcing those firms that fail to meet certain criteria to delist from the exchanges.

Companies would be automatically delisted if their shares trade below 1 yuan for 20 consecutive days, or if their market value falls below 300 million yuan ($45.86 million) for . . .

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