Four A-share companies will be delisted due to financial fraud
On the evening of September 19th, four listed companies—Fudan Fuhua, Sikerui, Juewei Foods, and Creative Information—issued announcements stating that their stocks would be subject to additional risk warnings due to financial fraud, and trading would be suspended for one day on September 22nd. This move demonstrates the regulatory authorities' firm stance of "zero tolerance" for financial fraud and their determination to purify the market environment. So far this year, over 30 listed companies have received fines from regulatory authorities for financial fraud. Regulators are rigorously pursuing accountability for financial fraud in a comprehensive, multi-dimensional, and full-cycle manner, significantly enhancing regulatory deterrence and hopefully fostering a capital market ecosystem where fraud is not tolerated, cannot be committed, and is not desired.