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In Depth: Dishonest Drugmaker Shows How Hard It Is to Combat Cross-Border Fraud in China


In Depth: Dishonest Drugmaker Shows How Hard It Is to Combat Cross-Border Fraud in China
Hong Kong Exchanges & Clearing in Hong Kong on Sept. 23.
The head of China’s securities watchdog, Yi Huiman, said last year that financial fraud by some overseas-listed Chinese companies is a “
And while the new
Securities Law (link in Chinese), which took effec in March 2020, has helped regulators do more to fight this fraud for instance in the
Luckin Coffee Inc. case there hasn’t been much progress in protecting Chinese mainland investors in these companies.
No one is more aware of this problem than the investors suffering from the fraud committed by a veterinary-drug maker with roots in China. ....

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