On The Research Of Our Delisting System

Listed company delisting system, an important part of the securities market system, eliminates bad companies, optimizes the quality of listed companies, stabilizes the order the securities market through the survival of the fittest mode. So it is favored by big stock markets all around the world. During the development of securities market, China also draws on his entering into a listed company delisting system, including the approval authority of delisting, delisting procedures, delisting standards and the company's fate after delisting issues. China's securities market is established relatively late, and the various systems are built on the basis of reference abroad. In the foreign mature securities market, there are more comprehensive rules in the approval authority, procedures and standards of delisting, and more satisfactory arrangements for the delisted company.Comparison and lessons in these aspects of delisting of listed companies is conducive to the improvement of our current system of delisting. The improvement should be made according to our national conditions and under the principles of investor protection and fair and transparent. Specifically, the OTC market, the delisting process, criteria and other related systems should be improved close to the reality.