Having begun delisting 26 companies so far this year, China's securities regulator is set to remove a record number of firms from the stock exchange, heeding a message from Vice Premier Liu He to ensure the 'survival of the fittest'.
SHANGHAI - Having begun delisting 26 companies so far this year, China’s securities regulator is set to remove a record number of firms from the stock exchange, heeding a message from Vice Premier Liu He to ensure the “survival of the fittest”.
China has introduced a U.S.-style system to make listing easier for Shenzhen’s start-up board ChiNext. The system was first adopted by Shanghai’s tech-focused STAR Market. Among the 26 companies that Refinitiv data shows are in the process of being delisted are former high performers like Leshi , an Internet information service business, as well as some fraudulent ones.
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