2. science and technology innovation board delisting time: the delisting time is shortened to two years, and the first year is not up to standard st, and the second year is not up to standard and directly delisted; The delisting period is 30 trading days, and the cumulative suspension time is no more than 5 trading days.
3. Major illegal delisting indicators: major illegal "retreat to the end", cancel the suspension of listing and implement permanent delisting.
4. Market delisting indicators: four delisting standards, namely, transaction volume, stock price, number of shareholders and market value, are constructed. On the basis of retaining the existing financial reports that have not been disclosed on schedule and issuing audit reports that cannot express opinions or negative opinions, compliance delisting indicators such as information disclosure or major defects in standardized operation are added.
Legal basis: the State Council's opinion on further improving the quality of listed companies Article 2 Improve the governance level of listed companies.
(1) Standardizing corporate governance and internal control. Improve the rules of corporate governance system, and clarify the responsibilities and legal responsibilities of controlling shareholders, actual controllers, directors, supervisors and senior managers. The controlling shareholder and actual controller shall fulfill the obligation of good faith, safeguard the independence of listed companies and effectively protect the legitimate rights and interests of listed companies and investors. The general meeting of shareholders, the board of directors, the board of supervisors and the management shall operate according to law. Directors, supervisors and senior managers shall faithfully and diligently perform their duties and give full play to the roles of independent directors and supervisors. Establish a good communication mechanism between the board of directors and investors and improve the channels and ways for institutional investors to participate in corporate governance. Scientifically define the rights and responsibilities of all parties concerned in the governance of state-controlled listed companies, and improve the governance mechanism of state-controlled listed companies with China characteristics. Strictly implement the internal control system of listed companies, accelerate the implementation of the internal control standard system, and enhance the effectiveness of internal control. Strengthen the bottom line requirements of listed companies' governance, advocate best practices, strengthen the disclosure of governance information, and promote scientific decision-making management. Carry out special actions on corporate governance, and effectively improve the level of corporate governance through company self-inspection, on-site inspection and supervision and rectification. (CSRC, the State Council SASAC, Ministry of Finance, China Banking Regulatory Commission and other units are responsible)
(2) Improve the quality of information disclosure. In order to improve transparency, optimize the rules system and urge listed companies, shareholders and relevant information disclosure obligors to disclose information truthfully, accurately, completely, timely and fairly. Guided by the needs of investors, we will improve the information disclosure standards by industry, optimize the disclosure content, and enhance the pertinence and effectiveness of information disclosure. Strictly implement the accounting standards for enterprises, optimize the rules of information disclosure and compilation, and improve the quality of financial information. Listed companies and other information disclosure obligors shall fully disclose the information necessary for investors to make value judgments and investment decisions, so as to be concise, clear and easy to understand. Relevant departments and institutions shall, in accordance with the rules of the capital market, support and cooperate with listed companies to fulfill their information disclosure obligations in accordance with laws and regulations. (The CSRC, the State Council State-owned Assets Supervision and Administration Commission, Ministry of Industry and Information Technology, Ministry of Finance and other units are responsible)