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香港交易所最近提出的“仙股除牌”(即股价在0.5港元以下的股份要被除牌)建议因触发低价股“股灾”而引起有关上市公司及股民强烈不满,虽然交易所随后已宣布撤回有关的建议,但事件余波未了,有市场人士及团体声称要追究事件发生的责任,特区政府也对香港交易所的做法表示批评,并宣布成立独立小组专门就此事件展开调查。一件本来看似不大的事情,为何掀起如此大的风波? 回顾事件的前前后后,或许能找出一些值得玩味的东西。香港交易所于7月25日发出一份名为“首次上市及持续上市资格/及除牌程序有关事宜/之上市规则修订建议”的咨询文件,其中在除牌机制部分中提到“若
The recent proposal by the Hong Kong Stock Exchange that “fair share delisting” (that is, shares with a share price below HK $ 0.5 be delisted) has strongly aroused strong dissatisfaction with the listed companies and shareholders triggered by the trigger of the stock market crash, although the exchange has subsequently The relevant proposals were withdrawn but the aftermath of the incident arose. Market participants and groups claimed responsibility for the incident. The SAR government also criticized the HKEx's practice and announced the establishment of an independent panel to investigate the incident. Why could such a big storm be caused by a seemingly insignificant event? It may be possible to find something worth pondering on before and after the event. The Hong Kong Stock Exchange issued a consultation document on July 25 titled “Proposed Amendments to Listing Rules and Listing Requirements and Delisting Procedures / Proposed Amendments to the Listing Rules”, which states in the Deregistration Mechanism section that "if