July 27, 2018 / 2:48 PM / in 2 months

Chinese securities regulator amends rules on delisting criteria

HONG KONG, July 27 (Reuters) - China’s securities regulator has amended rules related to the criteria for delisting companies listed on its stock exchanges as part of its wider efforts to clean up the corporate sector and strengthen governance.

In the amended rules, the China Securities and Regulatory Commission said stock exchanges should be prepared to suspend or delist companies involved in fraud and in violations in major information disclosure.

Companies whose activities harm national security, public safety or the public interest could also be suspended or delisted, the regulator said in a statement on its website www.csrc.gov.cn on Friday.

Reporting by Lee Chyen Yee in Singapore and Meg Shen in Hong Kong

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