China’s securities watchdog said its moves to raise the bar for initial public offerings (IPOs), expel unqualified firms from stock exchanges and exercise greater scrutiny over high-frequency trading are ensuring the “survival of the fittest” although it does not expect delistings to “increase significantly in the short term”.
Since the beginning of this year, a total of 169 companies listed in Shanghai and Shenzhen have been marked as having potential financial issues or face the risk of delisting because of chronic financial problems. This compares with 164 in 2023, 184 in 2022, and 202 in 2021, according to an official.
Source: TRADE FINANCE
