The Supreme People's Court and the Securities Supervision Commission jointly issued the "Minutes of the Work Symposium on Practically Hearing the Bankruptcy and Reorganization Cases of Listed Companies", clarifying the reorganization expectations of listed companies.

The Supreme People's Court and the Securities Supervision Commission jointly issued the "Minutes of the Work Symposium on Practically Hearing the Bankruptcy and Reorganization Cases of Listed Companies", clarifying the reorganization expectations of listed companies. For companies that have major illegal delisting situations, or companies that have major defects in information disclosure or standardized operation and refuse to rectify, it can be considered that they do not have the reorganization value as listed companies.