A record number of companies got the boot from Chinese mainland stock exchanges last year, and that number could double in 2023, as regulators step up their cull of poorly performing companies and those that violate exchange rules or break the law.
A total of 42 companies were removed from either the Shanghai or Shenzhen stock exchanges in 2022, the highest ever and more than double the figure of the previous year, according to public information compiled by Caixin. The vast majority were delisted due to poor financial performance.
