China wants to delist its own companies: the bad ones
New rules to clear the dregs off its stock exchanges
LIKE MANY Chinese companies on the stockmarket, Gangtai Holding, a jewellery-to-property conglomerate, flaunts its listing. It displays its ticker number, 600687, prominently on its website and in its ads. But not for much longer. On January 7th Gangtai began a 30-day period almost certain to end with its ejection from the Shanghai Stock Exchange. It is one of a growing number of Chinese companies to face delisting at home.
This article appeared in the Finance & economics section of the print edition under the headline “Bring out your dead”
Finance & economics January 9th 2021
- Why the crazy upward march in stock prices might just continue
- Why stocks are still cheap relative to bonds
- Is the financial establishment coming round to bitcoin?
- Investors start to pay attention to water risk
- China wants to delist its own companies: the bad ones
- What is the economic cost of covid-19?
- Could the pandemic cause economists to rethink welfare?
From the January 9th 2021 edition
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