Shanghai and Shenzhen Stock Exchange issued a new illegal new law
On the evening of November 16, the Shanghai and Shenzhen Stock Exchanges issued the revised delisting rules, which clarified the specific illegal situations and implementation procedures for the mandatory delisting of major illegal activities, and added new social and public security majors to force delisting, strictly strict violations of the law. The purpose of the mandatory delisting procedure is to clear the market from companies that disrupt the market order and endanger the society. At the same time, the Shenzhen Stock Exchange launched a mandatory delisting mechanism for the permanent violation of the law.
Headline
The most severely retired new regulations in the history of A-shares *ST Chang was the first company to be retired

The new rules for major delisting of A shares have officially landed. On the evening of last Friday, the Shanghai and Shenzhen Stock Exchanges successively issued the “Measures for the Implementation of Major Offenses and Forced Delisting of Listed Companies”. Subsequently, the Shenzhen Stock Exchange officially launched a mandatory delisting mechanism for Changsheng Biological's major illegal activities. *ST Changsheng (002680) suspended its trading today and became the first listed company to be forced to withdraw from the market due to major illegality. ...[Details]

the recent report
The most severely forced delisting in history! * ST Changsheng was smothered Hengli Industrial once plunged 8% more ST stocks limit!

Recently, A shares have come out of the rebound market, and hot money has also taken the opportunity to enter the market. The shell resource concept stock Hengli Industry has become the "demon king" of this round of market. In the 18 trading days from October 19 to November 16, Hengli Industrial shares out of 15 daily limit, an increase of more than 300%. ...[Details]

The Shanghai and Shenzhen Stock Exchanges officially issued a new law on mandatory delisting

On the basis of the previous comments, the Shanghai Stock Exchange officially issued the implementation of the major illegal and mandatory delisting measures for listed companies, and revised and improved the relevant rules and regulations. The release and implementation of the new delisting rules will further consolidate the basic system, standardize market exports, guide the concept of compliance development, and enhance the overall quality of listed companies. ...[Details]

A-share delisting rules "plus yards" Which companies have on the "danger list"?

After the new delisting policy came out, the announcement of the listed company followed closely. *ST Baxter and Jinya Technology issued the delisting risk warning notice on weekends. The two companies involved fraudulent issuance, three consecutive years of loss, and violations. Letters and other issues. The first financial reporter found that the two cities still have the risk of suspending or terminating the listing of many stocks such as *ST Fugang and *ST Baoshan, and some stocks are plagued by multiple problems. ...[Details]

Forced delisting storm! Carnival funds were smothered. After 7 daily limit, the longevity was suspended by the "closed dog" week.

For the expectation of *ST Changsheng's delisting, it is already a market consensus, but for the delisting speed of *ST Changsheng, it far exceeds market expectations. *ST Changsheng just recorded seven daily limit boards, with a cumulative turnover of over 1.7 billion yuan. On the 16th, the daily limit on the daily limit was still over 60,000. ...[Details]

Xinhua News Agency: The delisting reform plan passed a major illegal delisting signal

The Shanghai Stock Exchange's delisting reform plan, which has received much attention, was officially released on the 16th. At the same time that the listed company's "social public safety major violations" situation was included in the new rules for forced delisting, the reform plan passed a "serious" signal of major illegal delisting. ...[Details]

The new regulations for the delisting of the Shanghai Stock Exchange: fraudulent issuance cannot be re-listed. The three types of delisting must be listed on the New Third Board for 5 years.

Compared with the delisting opinions issued by the China Securities Regulatory Commission in July this year, the new regulations of the Shanghai Stock Exchange have made a relatively obvious “upgrade” in terms of major illegal circumstances and re-listing requirements. For example, according to the new regulations, the business licenses, production and operation licenses, etc., which affect the normal operation of the company, will also be forcibly delisted; and listed companies that are delisted due to fraudulent issuance will not be re-listed. ...[Details]

incredible! The Shanghai Stock Exchange pushes the new rules for forced delisting.

In the case of a major illegal delisting of securities, the fraudulent issuance is mainly based on the initial listing and reorganization of the listing, whether there are false records, misleading statements or major omissions in the application or disclosure documents, and is subject to the CSRC’s administration in accordance with the corresponding provisions of the Securities Law. Punishment, or being convicted of fraudulent distribution by the people's court. ...[Details]

The Shanghai Stock Exchange officially issued a new illegal new law for delisting: clear 7 kinds of delisting

The implementation method has carried out typed regulations on the basis of the original two areas of fraudulent issuance and major information disclosure, and has clarified four major illegal delisting situations, namely, initial listing fraud, reorganization of listing fraud, and annual report fraud avoidance And other circumstances as determined by the Exchange. ...[Details]

Shenzhen Stock Exchange: "Five major security" will be considered as a delisting consideration. It will play an important role in three aspects.

According to the website of the Shenzhen Stock Exchange, on November 16, the Shenzhen Stock Exchange issued the “Implementation Measures for the Significant Illegal Delisting of Listed Companies” (hereinafter referred to as the “Implementation Measures”), and revised and improved the “Stock Listing Rules” and the “Re-listing Implementation Measures for Delisting Companies”. 》 and other rules. The spokesperson of the Shenzhen Stock Exchange responded to questions from reporters on issues of concern to the market. ...[Details]

Jinya Technology: The company's stock may be suspended or terminated

The second company after the delisting of the Shenzhen Stock Exchange issued a delisting risk announcement. Jinya Technology announced in the evening that the company's stock may be suspended or terminated. ...[Details]

*ST Changsheng will be suspended from November 19th! Shenzhen Stock Exchange: Launching a mandatory delisting mechanism for major illegal activities of longevity organisms

*ST Changsheng announced on the evening of November 16 that due to the illegal behavior of Changchun Changsheng, the company is at risk of being suspended or terminated. The company started trading on the morning of November 19 (Monday). ...[Details]

*ST Baxter Evening Announcement: There is a major illegal delisting risk in stocks

*ST Baxter Evening Announcement: The company is suspected of constituting a violation of regulations and not disclosing important information. The stock has a major illegal and mandatory delisting risk. The company continued to maintain the suspension status. After the people's court made a guilty verdict against the company and took effect, it judged whether it constituted a major illegal and mandatory delisting situation according to the new regulations. ...[Details]

Analysis and interpretation
Great weekend! A major violation of the law forced the delisting of new regulations introduced! Clarify a number of major violations, forced delisting, 4 changes, see 8 key points

On the evening of the 16th, the Shanghai and Shenzhen Stock Exchanges issued the revised delisting rules, which clarified the specific illegal situations and implementation procedures for the mandatory delisting of major illegal activities, and added new social and public security majors to force delisting, and strictly enforced mandatory illegal withdrawal. The purpose of the municipal procedure is to clear the market from companies that disrupt market order and harm society. ...[Details]

Heavy late at night! The exchange issued a major illegal delisting rules. Longsheng Biological entered the delisting procedure (with the key points of the 9th rule)

On the basis of the previous comments, the Shanghai Stock Exchange officially issued the implementation of the major illegal and mandatory delisting measures for listed companies, and revised and improved the relevant rules and regulations. In this process, the Shanghai and Shenzhen Stock Exchanges widely absorbed the opinions of all parties in the market, gathered consensus, and clarified the specific illegal situations and implementation procedures for the mandatory delisting of major illegalities. The standards were more objective, the procedures were more transparent, and the pertinence was stronger. A major violation of the law that is more effective and forced to delist the relevant business rules. ...[Details]

Late night giant thunder! The two city exchanges also released major new regulations. The hot money predators and tens of thousands of retail investors were completely panicked!

In the middle of the night of November 16, there were two big news in the A-share market. First, the Shanghai and Shenzhen Stock Exchanges have officially issued new rules for mandatory delisting. Second, the Shenzhen Stock Exchange initiated a mandatory delisting mechanism for major illegal activities of Changsheng Biological. The company suspended the trading together next week. ...[Details]

Weekend burst: forced delisting new regulations released at midnight! *ST Changsheng started the delisting after 7 consecutive daily limit! Hot money is dumbfounded

* ST Changsheng's recent continuous rise in the period of trading is dominated by individual investors, its purchases accounted for more than 97%, and sales accounted for more than 90%. Beginning with large-scale hot money, small and medium-sized retail investors follow suit, and the account with the highest transaction volume has a short holding time, with an average of 1 to 2 days. ...[Details]

Another 80,000 people "have a lifeline!" The new rules for the delisting last night were released. The risk warnings of the two companies also came.

After the Shanghai and Shenzhen Stock Exchanges released the new delisting rules last night, the two companies suspected of violating the regulations were also announced by Jinya Technology and *ST Baxter, which prompted the delisting risk. At the same time, the company continued to suspend trading and waited for the court to make a referee. According to the new rules, it is judged whether it constitutes a mandatory delisting. ...[Details]

*ST Changsheng suffered a forced delisting is a lesson for speculative speculators

no Zuo no Die. The speculation of market speculative forces on *ST Changsheng stocks undoubtedly puts itself at great risk, and the risks come. ...[Details]

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