One: Take the initiative to withdraw from the market

It means that the company voluntarily applies to the regulatory authorities for cancellation permission according to the resolutions of the shareholders' meeting and the board of directors. Generally, there are the following reasons: the shareholders' meeting decides not to renew the license when the operating period expires; The shareholders' meeting decides to dissolve; Dissolution due to merger or division; Bankruptcy; Adjust the structure and layout according to market demand.

Two: passive delisting

It means that futures institutions are forced to revoke their licenses by the regulatory authorities, which generally leads to major risks due to major violations of laws and regulations or poor management.

Data expansion:

Stock delisting refers to the situation that listed companies actively or passively terminate listing because they can't meet other listing standards such as exchange finance, and become unlisted companies from listed companies.

However, there must be a delisting standard for delisting. At present, the delisting of listed companies adopts a single standard: delisting after three years of continuous losses.

The delisting of listed companies is the transformation from listed companies to unlisted companies. The company still exists and can operate. The delisting of futures institutions from existence to extinction is also an important reason why the delisting system has been delayed.

References:

Baidu Encyclopedia: Stock Delisting