Delisting system means the legal act de-listing the public corporation which has lost qualification in the stock market.
 

上市公司的退市制度是指通过法定程序将已经不符合上市条件的公司退出证券市场的法律行为。
 

2.dotcom bust 互联网泡沫
 

The dotcom bust had incinerated an entire generation of start-ups.
 

网络经济泡沫毁灭了整整一代的初创企业。