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 AJIBM  Vol.6 No.9 , September 2016
Analysis of Financial Fraud of Listed Company in China: A Case Study of Dandong Xintai Electric Co., Ltd.
Wei Zou
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Abstract: With the development of China’s economy, more and more malignant cases of financial fraud in China listed companies happen frequently, such as the financial frauds of Guangxia, green earth and Wanfu, which make a great impact on the normal operation of the securities market and the confidence of investors. On June 1, 2016, CSRC officially announced the administrative punishment to Xintai Electric Co. which made Dandong Xintai Electric Co. become the first one which was delisted because of financial fraud. This paper tries to do deep analysis on the major inducements and methods of financial cheating of Xintai Electric Co. so that we can find out some preventive means to reduce the occurrence of financial fraud to prevent the investors from unnecessary losing.
Keywords: Dandong Xintai Electric Corporation Limited, Listed Company, Financial Fraud, Stock Market
Cite this paper: Zou, W. (2016) Analysis of Financial Fraud of Listed Company in China: A Case Study of Dandong Xintai Electric Co., Ltd.. American Journal of Industrial and Business Management, 6, 931-941. doi: 10.4236/ajibm.2016.69090.
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