A-Share Delisting Review 2025: Voluntary Delisting Emerges as a New Option

A review of the survival of the fittest. Xie Yingjie from The Investor Network reported that 2025 marks the first year of full implementation of the new 'Nine National Provisions' and the delisting regulations, with the A-share market continuing its process of natural selection. On the last trading day of 2025, Shenzhen Guangdao Digital Technology Co., Ltd. (hereinafter referred to as 'Guangdao Digital') completed the final day of its delisting arrangement period on the Beijing Stock Exchange. The company announced that its stock had completed the mandatory 15 trading days in the delisting arrangement period, which has now concluded, and its shares will be delisted and removed from the exchange. This company, once crowned with the 'big data' halo and found to have overstated revenues by over 1.4 billion yuan, ultimately became the 'first major case of illegal delisting' on the Beijing Stock Exchange.

China InvestorsJan 17 08:01