TITLE:
A Comparative Study of China and the US Delisting System
AUTHORS:
Yanru Zhou
KEYWORDS:
Delisting System, ST, Registration System
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.7 No.7,
July
6,
2017
ABSTRACT: The difficulty of delisting is an urgent problem to
be solved in China’s securities market. Whether the delisting mechanism is
smooth is the touchstone to measure the maturity of the securities market. This
paper makes a comparative analysis of the delisting system in China and the
United States from the angle of the standard and procedure of delisting and the
effect of implementation. It is found that the effect of the delisting system
in China is not good, and the delisting system is not the same, then analyzes
the reasons of the difference between the implementation effect of China-US
delisting system. This paper holds that the standard of delisting has been
basically established, but it needs further improvement, and the special
treatment period should be abolished in the delisting procedure. In addition,
we should improve the legal standards, increase punishment, gradually implement
the registration system, and give full play to the role of “barometer” of the
securities market. I hope to provide reference
for the further improvement of China’s delisting system.