China to delist record number of firms to ensure 'survival of the fittest'

Having begun delisting 26 companies so far this year, China's securities regulator is set to remove a record number of firms from the stock exchange, heeding a message from Vice Premier Liu He to ensure the "survival of the fittest".

Liu reinforced the urgency to weed out bad companies from the stock market at a meeting of the State Council on Saturday, heralding a change in approach for the regulator, which had only delisted 110 companies between 2001 and 2018. China has introduced a US-style system to make listing.....

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