China's securities regulator clarifies delisting rumors

China's top securities regulator has addressed recent market rumors about some potential delistings, urging investors to rely on authoritative sources for information and avoid being misled by incomplete or inaccurate reports.

"Delisting is subject to strict standards," said Wang Li, spokesperson for the China Securities Regulatory Commission (CSRC), emphasizing that the CSRC will steadily advance delisting regulations in accordance with the law and ensure stable market operation.

The remarks followed recent online reports claiming that 36 companies are set to be delisted, 66 will receive delisting risk warnings and several others will face risk alerts, sparking confusion in China's capital market.

In a statement posted on the CSRC website, Wang said that many of the firms the reports identified are resolving or have already resolved issues that put them at risk of delisting by improving their operations, mergers and acquisitions, and bankruptcy reorganization.

For openness and transparency, CSRC has clarified the specific standards that must be met to avoid delisting situations, said Wang, who added that transition periods have also been set in a revision made in the first half of this year.

(With input form Xinhua)