CSRC: the next step is to smooth the exit mechanism of capital market
Sun nianrui, deputy director of the supervision department of listed companies under the CSRC, said that in the next step, the CSRC will open up diversified exit channels and support listed companies to revitalize stocks and clear up non-performing assets by means of active delisting, merger and reorganization and bankruptcy reorganization, so as to realize the survival of the fittest and the metabolism of the new and the old. He said that since 2019, the CSRC has taken improving the delisting system as an important part of deepening the reform of the capital market, and has achieved remarkable results. In 2019, a total of 18 companies will exit through various channels. In 2020, 29 companies have reached the delisting target. In the past two years, 25 companies have been forced to delist, more than the total number since 2006. Delisting itself is not the purpose, the key is to solve the stock of listed companies.