Research On The Departure Mechanism Of Listed Companies

Delisting system is a necessary requirement to achieve the survival of the fittest listed companies, optimize resource allocation and other functions. Also it is an important measure to ensure the overall quality of listed companies to maintain market sustainable development. A highly marketable security market should be through the renewal of its inherent dynamic adjustment, continue to attract the quality companies listed, and constantly eliminate the inferior companies in order to improve efficiency of resource allocation. China’s delisting system run overall smoothly since2001, and played a role in promoting the perfection of the system of securities market mechanisms. But with the deepening of reform of the capital market, delisting system from the standards and procedures are exposed some shortcomings, improve and perfect the listed companies delisting system is imperative.This paper through the normative and empirical analysis and other ways, reviewed the situations of the delisted companies, Analyzed the current delisting mechanism institutional level and the operational level problems. By learning the mature approach from the overseas mature capital markets trading places and some other financial management institutions, put forward the relevant experience for our country. From the institutional and practical level, put forward relevant policy recommendations on the delisting system.