Public traded companies in China find themselves hard to be de-listed from the stock market. As to the July of 2017, A share cumulative de-listed rate is 1.83%. The average annual de-list rate is %. In contrast mature market in the West has de-listed rate of 90 times higher than the A share; even emerging market like Hong Kong has 20 % higher de-list rate than A share. Establishing a thorough de-listing mechanism is the key to build a stable and effective capital market. Bond exchanges should strictly follow de-listing regulation to determine whether the company is eligible for de-listing.