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As of Friday, May 9, 2025, providing a comprehensive real-time list of all companies ever delisted from the Shanghai Stock Exchange (SSE) is challenging due to the dynamic nature of the stock market and the sheer volume of historical data. However, I can give you information on recent delisting trends, companies currently facing delisting risks, and the general delisting rules of the SSE.
Recent Delisting Trends and Risk Warnings:
* “One-Yuan Rule”: A significant delisting trigger is when a stock’s daily closing price is lower than RMB 1 for 20 consecutive trading days. This is a key part of the SSE’s stricter delisting system aimed at removing “zombie companies.”
* Market Capitalization Threshold: Another delisting indicator is when a company’s total market capitalization falls below RMB 300 million for 20 consecutive trading days.
* Financial Thresholds: Companies can also be delisted for failing to meet certain financial criteria over a period of time, such as consistent losses or low revenue.
* Major Violations: Companies involved in significant violations, including fraudulent offerings or material information disclosure violations, can be delisted.
Companies Recently Facing Delisting Risks (as of early May 2025):
* Orient Group Incorporation (600811): On April 15, 2025, the SSE announced that the company’s stock had triggered the trading delisting indicator due to its daily closing price being below RMB 1 for 20 consecutive trading days. Trading in its shares was suspended.
* Dr.Peng Telecom & Media Group Co., Ltd. (600804): As of April 30, 2025, the company issued an announcement on the risk alert of possible delisting due to its stock price falling below RMB 1.
* Jinzhou Port Co., Ltd. (600190): On May 7, 2025, the company issued a risk alert regarding the possibility of delisting due to its stock price falling below RMB 1.
* Ningbo Bird Co., Ltd. (600130): On April 29, 2025, the company announced the implementation of a delisting risk warning, and its stock would be traded on the Risk Warning Board with a daily trading limit of 5%. The stock abbreviation changed to *ST Bird.
* Yuancheng Environment Co., Ltd. (603388): As of April 30, 2025, this company announced the implementation of a delisting risk warning and a further implementation of other risk warnings, leading to stock suspension.
General Information on Delisting from the SSE:
* The SSE has been strengthening its delisting rules to improve the quality of listed companies and protect investors.
* The delisting process involves risk warnings, potential trading suspensions, and a delisting consolidation period (if applicable).
* Companies delisted due to major violations are generally not allowed to re-list.
* The SSE emphasizes investor protection during the delisting process, requiring companies at risk to increase the frequency and specificity of their risk disclosures.
How to Find More Specific Historical Data:
To find a more exhaustive list of historically delisted companies, you would likely need to consult:
* Official Announcements from the Shanghai Stock Exchange: The SSE website (http://english.sse.com.cn/) has a section for listed company announcements, which would include delisting announcements. You might need to search their archives.
* Financial Data Providers: Financial data vendors like Bloomberg or Refinitiv often maintain historical data on delisted companies. Access to this data usually requires a subscription.
* Chinese Financial News Outlets: Archives of major Chinese financial news websites might contain reports on company delistings over the years.
* Regulatory Filings: While potentially difficult to access comprehensively, filings with Chinese regulatory bodies might contain information on delisted companies.
Keep in mind that the reasons for delisting can vary, including failure to meet listing requirements, mergers and acquisitions, or voluntary delisting in some cases (though voluntary delistings are less common on the SSE due to stricter regulations).

Video courtesy of ABN-AMRO

Video courtesy of ABN-AMRO