If there is more than 200 million yuan and more than 30% of the fraud in one year, it will be delisted, if it is 300 million yuan and more than 20% of the fraud is made in two years, it will be delisted, and if it is counterfeit for three consecutive years or more, it will be directly delisted.
First of all, let me explain that all financial fraud incidents that occurred before the issuance of this regulation are not within the jurisdiction of this rule, that is, the previous ones have been turned over, and everyone is still a good person as long as they start to be good people now. But if you're not honest, I'm sorry, then you're welcome!
Publicly traded companies
The fraud before that...... Don't mention it!
As far as the capital market is concerned, any fraud is unforgivable for investors, but why is there room for tolerance for managers? If it were the shareholders who voted, I believe that the vast majority of the shareholders would demand that they be delisted immediately as long as they commit fraud! But in fact, the shareholders have no right to decide, and even if they become victims of fraud, such demands will not be allowed.
counterfeit
Then why can't our competent departments be "ruthless"? There must be a bitter motive! This is a question that can be answered by just thinking about it, and it can be summed up in four words: The law does not hold the people accountable! Although we rejected the unreasonable demands of the US side on the grounds of national security, I am only saying that there is such a possibility, even if it does not involve national security issues, the final statements produced by our well-known accounting firms will not meet the most basic requirements of the US stock market? Of course, at this moment, I still strongly condemn the unilateral hegemonic act of the United States.
U.s.
Guojiutiao has a bit of the strength to scrape the bones for the Chinese stock market, but in fact he does not have the courage to scrape the bones. Many of our managers tend to be conservative in everything, focusing on moderation and tepidness, but over time, the public's confidence that everything will be better will be "tired". If, at the same time as the promulgation of the Nine Articles, we can directly take down a few fraudulent companies and force them to delist, will the effect be more conducive to boosting the confidence of the market? I think the answer is self-evident! Although I also understand the difficulties of some competent departments, it is very difficult to fundamentally change the situation in the future with such painless and painless regulations that can be advanced and retreated, and coupled with the breadth and profundity of accounting!
accounting
Finally, it is predicted that the amount of this fraudulent delisting will continue to decline in the next regulation, to express the attitude of the competent authorities to continue to tighten and not slacken, but it will still not be one-size-fits-all. Don't believe me, we'll see!
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