Research On China's Involuntary Delisting System Based On Case Studies Of ~*ST Boyuan And Other Cases

Involuntary delisting refers to the forcibly delisting of companies that can no longer meet the listing standards from the securities market.For years,the implementation of China's Involuntary Delisting System for Listed Company has been unsatisfactory.However,in recent years,implementation is being stricter.This trend has been proved through the analysis of listed companies that has been imposed administrative punishments,criminal penalties or suspension or termination of trading by China Securities Regulatory Commission.Based on the aforesaid analysis,recommendations on improving China's Involuntary Delisting System for Listed Company are put forwarded.Besides the foreword and the epilogue,the article consists of four main chapters.Chapter one summarizes the Involuntary Delisting System for Listed Company in China,including the meaning,features of the Involuntary Delisting System,and the necessity of the establishment and improvement of the Involuntary Delisting System.Chapter two introduces the developing course,delisting standards,delisting procedures and effectiveness of the existing Involuntary Delisting System.Chapter three mainly analyzes the stricter trend in implementing the Involuntary Delisting System from the delisting standards of serious illegal act pertaining to information disclosure and fraudulent issuance.Chapter four mainly discusses the improvements of Involuntary Delisting System on the basis of defects of the existing Involuntary Delisting System and experiences of the mature securities market.