Huang Qifan, former deputy director of the National People's Congress Finance and Economics Committee, recently stated that there is a phenomenon in mature markets, that there is both mandatory delisting and active delisting. For mandatory delisting, the three conditions must be unconditionally forced to delist. The first one is the falsification of the listing process; the second one is the nature of information disclosure has reached the level of criminality; the third is that the enterprise itself has achieved delisting standards for economic indicators for several consecutive years, and has been forced to delist