| Securities trading market is a place of corporate financing is an important part of a country’s capital market, mature capital market must be into out, the survival of the fittest in the market. The giant funnel delisting system is equivalent to the stock market, you can play screen in addition to the poor performance of the stock market listed company. Establishment of delisting system in China has been a lot of years, but it is difficult to play out of inferior utility, although the reasons are many, but the system itself omissions an opportunity to lawless elements, since the last century,90the motherboard market listed companies real delisting few years, the the delisting system in practice is tantamount to non-existent.Delisting system mainly covers the delisting the entity standards and operating procedures two aspects, both are indispensable. This paper examines the delisting system of the United States. Japan, and China’s Hong Kong region, entities and procedures for classification, and compare the similarities and differences between, trying to figure out the useful experience upon which to draw. It is worth mentioning that in2012. the year of our the delisting system of large development the new delisting system has been promulgated.The article is divided into five parts, the first part of the listed companies delisting system overview introduces the meaning of the motherboard delisting system, already delisting system for the implementation of the importance of healthy development of the securities market; combing the country for the second part of the delisting system since its inception20years of development. The third part is the introduction of mature securities market delisting system and assessment, focused on three questions of:the the delisting the right to decide issues, to delisting entity standard problem, delisting operating procedures. The fourth part is the introduction and assessment of delisting the new system in2012, focused on the physical standards for new Category5indicators presented some of their own views. The fifth part is the end of the article is a summary of the basis of the foregoing, the delisting system thinking, comparing to learn from the experience of the advanced market countries, put forward to promote further improve the personal views of the delisting system. |