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The founder of Deepwater Finance talks about preventing financial fraud in listed companies

2024-08-20

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Source: Deepwater Finance

Author | Zhao Shiyong from Deepwater Finance

Complete and accurate information disclosure is a core requirement of the securities capital market, and financial fraud by listed companies is the biggest enemy of the securities market.

Chinese regulatory authorities have been making every effort to crack down on financial fraud, especially in the past two years. The China Securities Regulatory Commission and exchanges have maintained high pressure on information disclosure violations and financial fraud. A large number of listed companies, listed companies and intermediary institutions have been heavily fined for information disclosure or financial fraud.

Why do listed companies commit financial fraud? What are the manifestations of financial fraud? How to prevent financial fraud? In response to these questions, on August 17, Dr. Song Wenge, founder of Deepwater Finance and Economics and the Yangtze River Delta Finance, Taxation and Audit 100 Forum, jointly organized a seminar with Lanco (China) Financial Consulting on the theme of "Informatization of Listed Companies' Consolidated Financial Statements and Prevention of Financial Fraud". More than 50 financial directors, board secretaries and heads of audit institutions of listed companies and well-known large enterprises in the Yangtze River Delta region participated in the discussion. This event also received strong support from Ningbo Bank Nanjing Chengbei Branch and Nanjing Osmanthus Duck Group.