The ultimate goal of bankruptcy and reorganization is to improve the quality of listed companies

The bankruptcy reorganization is an important mechanism for the resolution and clearing of the risk of listed companies. The purpose is to make the debtor get rid of the bankruptcy dilemma and restore the operating capabilities, and transfer to "crisis" into "machine".

From the perspective of the A -share market, the bankruptcy and reorganization made those listed companies struggling in financial difficulties to find a way to break through the dilemma, see the hope of "breaking cocoons and rebirth", and have been included in the "toolboxes of the tool boxes of capital operations. "middle.

This is inseparable from the gradual improvement of relevant laws and regulations in recent years.

In October 2020, the "Opinions on Further improving the quality of listed companies" issued by the State Council clearly stated that "improving the system of bankruptcy and reorganization, optimizing the process, improving efficiency, unblocked bankruptcy and reorganization and other listed companies with diversified withdrawal channels, supporting listed companies through bankruptcy through bankruptcy heavy weights through bankruptcy weights. Clear the risks in an entire way. "

At the same time, in response to new problems and new situations in information disclosure in the bankruptcy and reorganization of listed companies, on March 31 this year, the Shanghai and Shenzhen Exchange issued relevant regulatory guidelines, conducted a full process specification for bankruptcy and reorganization, and "flickering types of flickering type. "Reorganized resolutely" bright sword ".

This is an important measure to escort the escort of the bankruptcy and reorganization of listed companies, and it is an important manifestation of the capital market to play resource allocation functions. It can be said that with the continuous improvement of the system and the increasingly mature concept of participants, the path of bankruptcy and reorganization of listed companies is becoming more transparent, fair, and unobstructed.

The purpose of bankruptcy and reorganization is to allow listed companies that save hope to gain rebirth. By shaking the burden to improve and improve the quality of listed companies, its core is "rebirth" -the reorganization of the company to make the company Jedi and the dead trees return to spring. But it is undeniable that how listed companies continue to improve their own quality under the blessing of capital and win the recognition of market and investors, this is the most critical. (Securities Daily)

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