The Gem's Direct Delisting System Has Been Reported To The Securities And Futures Commission.

The seminar on "multi-level capital market construction and investor rights protection" sponsored by the Shenzhen Stock Exchange and the China Securities Association of law society was held today. The chairman of the SFC, Zhu Congjiu, and other leaders attended the meeting.

According to the meeting, the meeting will focus on the legal protection mechanism of investors in the securities market, the protection of investors' rights and interests in the direct delisting of the gem, the protection of investors' rights and interests in the innovation business of the securities market, and the legal issues in the construction of multi-level capital markets.

Chen Dongzheng, chairman of the Shenzhen Stock Exchange, said at the seminar that the delisting system of listed companies has played a positive role since the implementation of the delisting system.

However, there is a problem that it is very difficult for the listed companies to withdraw from the market under the current system.

Data show that since 2004, the total number of Listed Companies in the two cities has not been listed in 31, and the average delisting rate is less than 1% per annum.

He believes that the current growth momentum of gem is very good, but if we copy it completely, there will be some problems.

He disclosed that at present, the direct delisting system of the gem has been reported to the SFC.