China Should Facilitate Delisting To Improve A-share Quality

China should continue to improve the delisting mechanism to improve the quality of listed companies and reduce medium and long-term investor concerns, according to an editorial piece by 21st Century Business Herald. Domestic institutional investors such as public funds, social security funds and insurance funds hold about 20% of A-share market value, compared to a proportion of 40-50% in the U.S. stock market. A market dominated by retail investors is prone to fluctuations and authorities should also appropriately relax the market entry threshold for personal pensions and housing provident funds to allocate to A-shares, the newspaper said.