Briefing

China toughens delisting rules

Shanghai - China on Friday issued new rules to get loss-making companies or those in violation of regulatory practices to delist. This was its latest move to improve stock market conditions, and it has vowed stricter enforcement of the guidelines. Traders say market regulations have been too loosely enforced in previous delisting exercises. They had expected Beijing to pass the new rules, but warned that technical tweaks mean little until the government surrenders control over the listing process to market forces. Reuters

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