Either it was suspended, and the entire public company became a shell company.
Thousands of shareholders, including some ordinary people with little economic acumen, have been deceived by "big fools" like Wang Jing. Wang Jing's so-called "transformation and upgrading" and so-called "internationalization strategy" are actually nothing more than a big net he weaves to deceive people.
And those large state-owned enterprises that cooperate with Xinwei Group, such as China Shipbuilding Heavy Industry, have also been severely impacted. Their share prices have plummeted, and their credibility has been severely damaged.
The country has suffered huge losses in this turmoil, and those small shareholders who have been deceived have lost not only money, but also their confidence in the capital market and trust in the country.
Wang Jing's "big fool" is indeed more ruthless than LeTV's Jia Yueting, he uses people's desire for wealth and success to carefully weave one beautiful dream after another, and then at the most critical moment, mercilessly crush these dreams.
This is not only an economic crime, but also a serious challenge to China's social credit system.
But every crisis is an opportunity. The state and society should draw a lesson from this incident and further strengthen supervision and control over listed companies, the management of state-owned enterprises, and the regulation of financial institutions.
We should also be vigilant that no one should blindly pursue wealth and success, but should have a responsible heart for society, responsible for their own behavior, and responsible for others.
Wang Jing's story is a wake-up call, reminding us to always be vigilant, not to be confused by the superficial prosperity, and to see the essence of things.
Conclusion: In the world of capital, the temptation of money and the corruption of power are everywhere. Wang Jing's story is a classic example of how one can take advantage of society's greed and mindset of blind pursuit of success to step by step towards the abyss of sin. But in this story, we also see the fragility of human nature and the imperfection of the social system. As a member of society, we have the responsibility to remind ourselves at all times, keep a clear head, be a person with a moral bottom line, and not be deceived by money and power.
Title: "The Game of "Big Fool": Wang Jing and the Changes of 28 Billion".