What changes have taken place in the delisting system under the background of full implementation of the registration system?

Under the background of full implementation of the registration system, the delisting system has undergone great changes. The previous delisting system was mainly based on the transaction price of the stock exchange market, that is, when it is lower than a certain price, it will be forced to withdraw from the market, while the new delisting system pays more attention to the company's financial situation and governance structure, and monitors the company's operation through regular or irregular financial auditing, information disclosure, risk warning and other means. When it is found that the company has serious violations of laws and regulations or operational difficulties, it can take measures such as compulsory delisting to protect the interests of investors and maintain market order.

China Entrepreneur interviewed several market participants, who thought that under the comprehensive registration system, the number of listed companies would increase, and the number of companies would be broken, delisted or normalized.