Comment: No more. The system of delisting must be perfected

From the quarterly view, the 1573-a-share listed companies, each share of net assets of negative value of up to 42. Each share of net assets below par value is up to 150.　　Most of these listed companies are members of the St family. Obviously, the above 42 negative net assets companies can still be mixed in the securities market, and delisting standards too lenient. Objectively speaking, the net assets is negative, indicating that the listed company is seriously insolvent and technically bankrupt. These listed companies only "Shell", long ago No "soul". I think that the regulatory layer is necessary to further improve the delisting system, as long as the net assets of listed companies are negative, it should be directly to withdraw the market.　　In fact, when the net assets of listed companies are negative, it has no meaning to remain in the securities market, can not create value for shareholders, can not return investors, only "shell resources" speculative value, when there are assets reorganization and other matters occur, and often appear insider trading events. The stock listing rules of the Shanghai and Shenzhen Stock Exchange do not block out the exit of listed companies, as long as they meet the conditions, the listed companies have to return to the market after the opportunity. Strict delisting system can better promote the listed companies to strengthen their internal governance, enhance their performance, implement "genuine" asset restructuring or the introduction of real powerful shareholders to come in, and then create favorable conditions for their return to the market. Cao Zhongming