know best stock exchange listed company

Reporter includes a trainee reporter Xia Beibei Beijing under 1%, which is China's securities market in the past 10 years the average annual withdrawal rate. This figure is far below the 6%, NASDAQ and NYSE United Kingdom AIM 12%. The last 5 years, we have no company a shares delisting. "Delisting" is becoming a problem for China's capital market.But the challenge is trying to solve the gem. Recently, the SFC and the Shenzhen Stock Exchange, said preliminary programme has been forming for delisting, the gem system, to seek the views of the community, the move caused great concern in the market. When journalists call the Shenzhen Stock Exchange, the gem management staff of the Department, also in the process of further justification, does not disclose the timetable and details.Before the programme has not announced, industry insiders give delisting proposals for the system of his gem, they generally hope that this delisting system not watered down and hope that regulators delisting process permissions can be delegated to the stock exchange. And with the three quarterly disclosures, Hanson moved (300,081 valuation, assessment, quote, news, the major trading) performanceRisk potential delisting it. "Delisting don't discount" direct withdrawal often make people understand this word can no longer be traded. Shenzhen Stock Exchange said it before, quit the two-step buffer system will be set up, first of all swtor power leveling, before the delisting will be given a 30-day stock trading time and, secondly, after the delisting will be listed on the Agency share transfer system, you can make the transfer of shares. In addition, 18Japan Securities briefing and head made "establishment of a separate section" perfect gem system. "I understand the assertion is that delisting if gem company later circulation needed, turned to share agent systems. In it also opened up a plate to accept, to distinguish Board of delisting companies and company financing on a short-term basis orThe group, not completely, withdrawing. "Shanghai Stock managed trading center, said Zhang Yunfeng to the Huaxia times reporters. Zhang Yunfeng said, in fact, I want to directly cancel its introduction of the system, can lead to improper conditions of companies actually stepping down, rather than just the transfer of a contradiction or buffering. Haitong securities (600,837 valuation, assessment, quote,Information, the major trading) senior analyst Chen zhengrong, told reporters: "the best is not even a buffer and transition, is clean and complete withdrawal, without compromise, too many intermediate links easy to take to the Board the kind of circuitous delisting the old road. Only really have a company retire, companies will only form a deterrent. "" Required by the gem now, after the temporary suspension of listingNet profit for the year is positive, and restored on sale now. I think it should be ' net profit ' changed to ' net profit after deduction of nonrecurring ' because both the financial subsidies for the debt restructuring can lead to report profits. If you do not deduct, net profit was too easy. "Chen zhengrong said. Once thoroughly delisting of the company, ultimately lost by investors toCommitment. The interests of investors in this process and how to protect it? Chen zhengrong believes that this involves a responsibility issues of delisting companies and executives. "Diyajin can take into account a delisting risks, each year from the profits of listed companies and executive remuneration in the extraction, once the delisting of the company, can be used to compensate for delisting impaired investors. In addition, you want toThe delisting of the company's executives due to dereliction of responsibility. Civil compensation caused by the delisting of the company, but also to introduce unlimited joint and several liability. "" Delisting is one of China's stock markets will close, and will certainly lead to some people pose a risk, I believe that we could take the gem delisting system of trial operation, gradually perfect a framework and standards that everyone can accept. ��Financial commentators Hou Ning said. SFC should decentralization to the Shenzhen Stock Exchange it is learnt that the delisting, the gem of the new system, on "delisting criteria", the Shenzhen Stock Exchange added two new standards: a requirement is, if a company in 3 years by 3 public condemnation of the Exchange, will be delisting. The other is star wars the old republic, if stock prices continued in the 20 trading days less than the par value per share,Also needs delisting. For the above two criteria, investors have questioned, the actual possibilities of action are not large, there is no real significance. Second, in the a-share market, stock price below the face value of 20 years in the case of rare, not to mention the 20 consecutive trading days. In this regard, Chen zhengrong said: "we are delisting criteria before they are mainly around the company fundamentalsReleased two standard reflects the standard with the requirements of the market to the delisting of the company, actually makes sense. Our goal is to let the market decide who the delisting. "Zhang Yunfeng, says:" to share prices as one of the criteria for delisting in itself is in line with international practices, is the true power of decision to the investors, improve some companies just want to ' beautify the fundamentals ' to avoid delistingBut in spite of market problems, it is a good start. "" Now there is a very important issue. Who is the right of a decision to master the delisting of the company? This power should be given standing in supervision, know best stock exchange listed company, but now, mastered the powers of the SFC. My suggestion is that delisting on the issue, the SFC should thoroughly of powerDelegated to the stock exchange, and then exchange them at a later stage decide to conduct a compliance audit can. "Chen zhengrong said such litigation disputes even after delisting, only instead of administrative litigation of civil procedure, can be resolved in accordance with the listing agreement, also to avoid a delisting decision rights abuses arising from the concentration by the SFC. From the perspective of many phenomena, Gem delisting systems launches really near, which companies most at risk? Reporters found by querying the Wind data, Hanson moved to potential risks. Wind according to the 2010 annual report of the company's net profit fell 44.74%, net income fell on the gem ranks fourth in the list. In 2011 the company three quarterly earnings fell by 77.12%, still held the fourth place position in the list. Gold-line statement: Gold-line reproduced above, does not indicate that confirm the description for investor use only and does not constitute investment advice. Investor actions accordingly, and at your own risk.