SFC Focuses On Improving Existing Delisting System

Xiao Gang, chairman of the securities and Futures Commission, has repeatedly referred to the improvement of the delisting system. In a recent forum, Xiao Gang revealed that the SFC will formulate regulations on reforming and improving the strict implementation of the delisting system of listed companies, and publicly soliciting opinions from the public in nine.

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< p > the delisting system has always been a hot topic of concern. IPO keeps flowing, and the rigid and undead of listed companies seriously restrict the development of capital market.

After the nine issue of the new country, the SFC began a new round of reform of the delisting system.

The chairman of the SFC has clearly stressed that the listed companies for fraud should be forced to withdraw from the market and form a preliminary delisting scheme.

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"P >" in the "a href=" "//www.sjfzxm.com/news/index_c.asp" Symposium < /a >, the experts and scholars of the conference are affirming the continuous reform and improvement of the listed company's delisting system by the SFC.

They believe that this reform has enriched the connotation of delisting, stressed the significance of independent delisting, especially the implementation of compulsory delisting for major illegal companies is a bright spot for reform. It can also consider expanding the definition of major violations.

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< p > also suggests that the stock exchange should constantly improve and strictly enforce the delisting rules in order to maintain the overall quality and market confidence of publicly traded stocks.

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< p > the experts and scholars also discussed and exchanged discussions on strictly implementing the mandatory delisting indicators of paction and finance, strengthening the < a href= "//www.sjfzxm.com/news/index_c.asp" > delisting company /a > investors' legitimate rights and interests protection, and improving the supporting system arrangement, etc., and combined with the reality of China's capital market, put forward opinions and suggestions from the index setting, the main body of liability, the legal liability, the application of laws and regulations, and the market supervision.

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< p > > everyone agrees that the reform of a href= "//www.sjfzxm.com/news/index_c.asp" > < /a > reform is a very complicated work. It involves all aspects, is restricted by the internal and external environment, and is not easy to implement. There is a lot of work to be done, and we must proceed steadily and steadily.

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< p > Xiao Gang said that the SFC will implement the nine opinions of the new country, give full play to the role of the delisting mechanism of listed companies, further improve the function of the capital market, and comprehensively deepen the reform of the capital market. We must further reform and improve the delisting system of listed companies in accordance with the principles of marketization, legalization and normalization.

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