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China Should Hasten Stock Market Delisting

CHINA PRESS
MNI (Singapore)

China should speed up the delisting of unqualified companies in the stock market, said Wu Xiaoqiu, dean of the China Capital Market Research Institute at the Boao Fourm. Wu noted authorities needed to strike a better balance with IPOs and delistings. Many companies concerned accountability have withdrawn their IPO application, which indicated they failed to meet the standards. It is also necessary to improve shareholding reduction rules and allow major shareholders to reduce their holdings only after they have created wealth for society, said Wu. (Source: China Economic Weekly)

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