China makes changes to rules for delisting companies on stock exchanges
Beijing. Jul 30. Silkroadnews - China’s securities regulatory issued a statement of changes to the rules regarding the criteria for delisting companies on stock exchanges, Sina.com reports.
Under the amended rules, the listing of companies whose activities are harmful to national security, public security or the public interest may be suspended or canceled. For the first time, the list includes actions that threaten public health.
The Securities and Regulatory Commission of China also said that exchanges should be prepared to suspend or delist companies involved in fraud and in violations related to the disclosure of important information.