China’s top securities regulator has stepped forward to address swirling rumors about potential delistings of companies from the stock market. Wang Li, spokesperson for the China Securities Regulatory Commission (CSRC), urged investors to rely on official information sources and not be swayed by unverified reports.
“Delisting is subject to strict standards,” Wang said. She emphasized that the CSRC will continue to advance delisting regulations according to the law, ensuring stable market operations.
The move comes after online reports claimed that 36 companies are set to be delisted, 66 will receive delisting risk warnings, and several others will face risk alerts. These rumors have caused confusion among investors in China’s capital markets.
In a statement posted on the CSRC’s website, Wang clarified that many of the companies mentioned in the reports are actively resolving, or have already resolved, issues that placed them at risk of delisting. Measures such as improving operations, engaging in mergers and acquisitions, and undergoing bankruptcy reorganization are helping these firms meet regulatory requirements.
To promote transparency, the CSRC has outlined specific standards that companies must meet to avoid delisting. Wang also noted that transition periods have been established in a recent revision made earlier this year to give companies time to comply with the new rules.
Reference(s):
cgtn.com
