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China strengthens stock market trading and listing supervision
China's Securities Regulatory Commission (CSRC) on Friday released draft rules to strengthen the supervision of listing, delisting and quantitative trading of companies in a bid to improve the stock market and protect investors' interests. According to the draft rules, which are out for public comment, the China Securities Regulatory Commission (CSRC) has strengthened delisting requirements to force unqualified companies out of the market and vowed to step up delisting audits. To improve the quality of listed companies, the CSRC said it plans to appropriately raise requirements for operating revenues and net profits for companies listed on the Main Board and the technology-based Growth Enterprise Market (GEM).
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