A股吐故纳新加速 五月来逾30家公司退市

Core Viewpoint - The A-share market is accelerating its delisting mechanism, with over 30 companies delisted since May, leading to significant market value evaporation for many stocks [1][3]. Group 1: Delisting Trends - Multiple delisted stocks experienced sharp declines, with some dropping over 80% on their first trading day in the delisting adjustment period [2][3]. - As of June 6, 23 companies are in the delisting adjustment period, with 18 of them losing more than 80% of their market value [3][4]. - The new trading mechanism has reduced the delisting adjustment period from 30 to 15 trading days, which is expected to expedite the market value recovery of delisted companies [3][4]. Group 2: Regulatory Changes - The A-share market is moving towards a normalized delisting mechanism, significantly improving the efficiency of market selection [4][5]. - Recent statistics indicate that several companies, including *ST金泰 and *ST济堂, have received delisting decisions due to negative financial performance and failure to disclose annual reports [4][5]. - The China Securities Regulatory Commission has issued guidelines to enhance post-delisting supervision, aiming to address existing risks and improve the regulatory framework [6][5]. Group 3: Market Implications - Experts believe that the strict enforcement of delisting regulations will lead to a healthier capital market and discourage excessive speculation [6][5]. - The ongoing implementation of the registration system is expected to further marginalize underperforming companies, thereby facilitating the operation of new delisting rules [6][5].