The "rapid delisting mechanism" is in action, and Hong Kong-listed companies that have been suspended for a long time are entering a remedial period.

Since the beginning of this year, low-quality stocks in the Hong Kong stock market have been accelerating their delisting. Data from Wind Information shows that, as of August 14th, 35 Hong Kong-listed companies have been delisted this year, with 16 of them being forcibly delisted by the Hong Kong Stock Exchange. At the same time, the Hong Kong Stock Exchange website shows that some companies have been approved for delisting by the listing committee and will soon be delisted from the Hong Kong stock market. The Hong Kong Stock Exchange introduced the "fast delisting" mechanism in 2018. According to Section 6.01A of the Main Board Listing Rules and Section 9.14A of the GEM Listing Rules, the Hong Kong Stock Exchange has the right to cancel a company's listing status if a Main Board-listed company is suspended for more than 18 consecutive months or a GEM-listed company is suspended for more than 12 consecutive months. Additionally, if an issuer fails to maintain a sufficient public shareholding percentage, fails to maintain sufficient business operations or assets, or is no longer suitable for listing, the Hong Kong Stock Exchange may issue a forced delisting. In special cases such as financial fraud or serious violations, the Hong Kong Stock Exchange may immediately delist a company.