Following the delisting of Xinguang Retirement, Cody Retirement, and Delisting Yijian on June 23, on June 27, four other companies, namely Greenview Retirement, King Kong Retirement, Chenxin Retirement and Mengshi Retirement, were delisted.A reporter from the "Economic Information Daily" combed through the announcements of listed companies and found that in June, more than 20 companies were delisted from the Shanghai and Shenzhen stock markets, setting a record high.In terms of delisting types, the above four companies were all delisted after hitting financial indicators.
In addition, a group of companies will be delisted this week.Delisting Prima China and Delisting Universal both announced on June 24 that the company's shares will be delisted from the Shanghai Stock Exchange on June 30.In addition to the delisting of Yijian, Xinguang Retirement, and Cody Retirement, which were delisted on June 23, Tengbang Retire, Danbang Retirement, Shenglai Retirement, Changyu Retirement, and Zhongtian Retirement were delisted on June 22. , delisted Lawton, delisted Youjiu, delisted Zhongfang, delisted Mingke, delisted on June 21, delisted from Deao and Huaxun on June 17, and delisted on June 14. Over 20 A-share companies were delisted from the listing of Luting City and Xishui, which were delisted in June.This data is close to the total number of delisted companies in 2021.
Since the implementation of the new delisting regulations for more than a year, the normalization of the delisting mechanism in the A-share market is accelerating.According to the research report of Kaiyuan Securities, as of now, more than 50 companies have received notices of the exchange's delisting decision or have entered the delisting process in 2022, and are expected to hit a new high.In terms of types, 96% of them touched the financial delisting standard, and there were 1 transaction delisting and major illegal delisting cases.
"At present, the A-share market has entered a new era in which big waves wash away the sand." Dong Dengxin, director of the Institute of Finance and Securities at Wuhan University of Science and Technology, said that there are both entry and exit, and the survival of the fittest is not only conducive to the survival of the fittest in the market, keeping the water flowing, but also conducive to increasing investment. risk awareness.To a certain extent, it also makes the shell speculation and gambling shell no market, and the market returns to its origin.
After the implementation of the new delisting regulations, shell companies further depreciated, resulting in a significant decline in the trading activity of ST/*ST companies.Open source securities analysis, since the introduction of the most stringent backdoor regulations in history in 2016, the backdoor listing market has cooled down significantly, and the number of backdoor listings completed each year from 2017 to 2019 dropped to about 10; The number of backdoor listings has further dropped to 6; in 2021, with the continuous advancement of the registration system reform and the official implementation of the new delisting regulations, the backdoor listing will be cooled to a freezing point, and only 2 cases have completed backdoor listings, setting a new low in the past 15 years.
"The new delisting regulations and the comprehensive registration system reform have formed a positive feedback, helping the domestic capital market to form a good ecology of 'in and out, and the survival of the fittest'. On the other hand, the advancement of the comprehensive registration system reform will help to accelerate the clearance of shell companies, thereby promoting the formation of a normalized delisting mechanism." said Ren Lang, an analyst at Kaiyuan Securities.
