CSRC says responsibility for delisting problematic companies lies with the Shanghai and Shenzhen exchanges

The stock exchanges in Shanghai and Shenzhen would be the ones to delist problematic listed companies under current regulations, the China Securities Regulatory Commission said on Friday, reported the South China Morning Post. Earlier this week, the CSRC had compiled a blacklist of 30 to 40 troubled firms and had been probing them with the view of pushing for the delisting of unqualified firms. A CSRC spokesman on Friday said the commission does not have the black list but said it should be the stock exchanges duty to enforce the law related to the delisting of listed companies.