The Reform Of Delisting System Needs To Be Promoted Simultaneously

Industry insiders said that, Delisting system Effective promotion is one of the important conditions for the success of the registration system reform. The CSRC has repeatedly said that once a listed company touches the delisting standard, it will implement delisting. Analysts said that delisting in the future will be gradually normalized.

Zhuang Xinyi, vice chairman of the CSRC, once wrote that in mature markets, whether it is compulsory delisting or voluntary delisting, it is a normal phenomenon. Whether a listed company delists is the result of the choice or requirements of market participants and market organizers, not the absolute standard for judging a company.

In the future, the CSRC will deepen the reform of delisting system. First, it will strengthen the certainty of compulsory delisting and strictly implement the existing Delisting criteria And strengthen market expectations. For major illegal acts with high market attention and strong repercussions such as fraudulent listing, such companies should be forced to "sweep out" of the market and purify the market under the framework of laws, regulations and systems.

The second is to increase the options of active delisting, enrich the ways of independent delisting, eliminate institutional barriers, and provide diversified space and paths for listed companies with independent delisting needs. At the same time, comprehensive measures should be taken to increase the poor quality Corporate costs Burden and market pressure to guide them to withdraw from the market.

The third is to improve the delisting environment, optimize the stock trading, asset restructuring, relisting and other institutional arrangements of delisted companies, strengthen the whole process supervision and accountability of listed companies from the beginning of market access and the accountability of senior executives for their dereliction of duty, explore delisting insurance mechanisms, and establish compensation, compensation, reconciliation and other mechanisms, The investor protection matters in the delisting process will be organically incorporated into the investor protection system of the capital market.

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Yesterday, Nanhai held the 2014 Social Organization Work Conference. The reporter learned from the meeting that by the end of December last year, there were 1284 registered and recorded social organizations in Nanhai District, including 328 registered social organizations, 443 private non enterprise units, 513 community social organizations under record management, and 38 social organizations rated above 3A in the whole district.

However, the person in charge of relevant work of the civil affairs department in the South China Sea said that the capacity of social organizations to undertake is still insufficient. "There are 771 social organizations officially registered in our district, accounting for 30% of the city's total, but only 44 can really enter the Directory of Social Organizations Qualified to Undertake the Transfer of Government Functions and Purchase Services."

"In addition to industry associations and chambers of commerce, many social organizations are still held by people from government departments. Even in emerging social work institutions, some are still issued by the government, with government employees serving as the director-general. The administrative color of social organizations is still quite serious." At the meeting yesterday, the person in charge of relevant work in Nanhai District said that there is a problem of "no separation between politics and society" in social organizations, It restricts its further development.

In view of the long-standing problem of heavy administrative color and indistinguishable "politics" and "society" in social organizations, the head of relevant work of Nanhai Civil Affairs Department said that at present, it has been pushed forward step by step in accordance with the relevant deployment of the province, "first push forward the de administration of economic social organizations and industry associations, and promote the decoupling of the people and property of these organizations from the government."