The first rule of avoiding risks is to stay away from companies that are currently under investigation and have not yet concluded their cases. These companies could be closed down at any time, potentially resulting in special treatment (ST) or even delisting. The entire year of 2025, the companies under investigation,

The primary way to avoid risks is to steer clear of companies that are under investigation and have not yet concluded their cases, as these companies could face delisting or be labeled as ST at any moment. In 2025, a total of 61 companies were under investigation, as listed below; be cautious of those still pending resolution! Bayi Steel: Starting March 31, delisting risk warnings will be implemented, and the stock name will change to “*ST Bayi.” Financial Associated Press, March 29 - Bayi Steel (600581.SH) announced that the company’s audited net assets at the end of 2025 were -1.729 billion yuan, triggering the delisting risk warning situation from the Shanghai Stock Exchange. According to relevant regulations, the company’s stock will be suspended for one day on March 30, 2026, and from March 31, 2026, delisting risk warnings will be implemented, with the A-share name changing to “*ST Bayi.”
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