China Delistings Surge as 45 Companies Removed from Exchanges This Year
• China delistings approaching record high in 2023, with 45 companies removed from stock exchanges so far • About half delisted for trading below 1 yuan par value for 20 days, one condition that can trigger delisting • Stricter delisting rules aim to restore investor confidence as China's stock market ranks worst globally • Property sector dominates exits with 8 real estate companies delisted for sub-par trading • Other delisting conditions include 3 years of losses, falsified accounting, failure to disclose financials