Current location:Stellar Sights news portal > business
China's securities regulator tightens delisting regulation
Stellar Sights news portal2024-05-22 10:48:55【business】9People have gathered around
IntroductionChina's securities regulator on Friday released a guideline on strict implementation of delistin
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.
Address of this article:http://qatar.ultrasupramonte.com/html-21e699955.html
Very good!(99744)
Related articles
- Australia's deputy prime minister pledges support to Solomon Islands during visit to Honiara
- Fuzhou Establishes Women Employees' Rights
- Federation Helps Women, Children Increase Scientific Knowledge
- Protecting Children's Safety
- Testimony at Sen. Bob Menendez's bribery trial focuses on his wife's New Jersey home
- Hotlines Provide Rights
- Shandong Strengthens Women, Children's Rights
- Shangrao Increases Efforts to Build Harmonious Communities
- Australia as Bangladesh vow to boost trade as foreign ministers meet in Dhaka
- Hebei Combats Domestic Violence
Popular articles
Recommended
What to expect in the California 20th District special election
Court, Federation Publicize Top Cases Involving Protection of Minors' Rights
Protecting Children's Safety
Federations Help Cadres, Volunteers Better Understand Laws
ESPN reaches 4
China Makes Remarkable Progress in Education in 2022
Anhui to Adopt Measures to Combat Domestic Violence
Yinchuan Promotes Harmony Within Families
Links
- No. 1 seed Texas, three
- No. 1 seed Texas, three
- DEAR JANE: My family has been torn apart by an argument over a RECIPE
- U.S. gov't says weapons supplied to Israel may have been used in violation of int'l law
- Rescuers free 2 horses stuck in the mud in Connecticut
- Diamondbacks avoid a sweep with a 9
- Diamondbacks avoid a sweep with a 9
- Indonesia's Mount Ibu erupts, spewing thick ash and dark clouds into the sky
- How Zendaya and Sydney Sweeney are taking Hollywood by storm with VERY different approaches
- Alex Scott looks every inch the golden goddess in a figure