The Case Study On IPO Financial Fraud Of Xintai Electric

The securities market is an important part of the socialist market economic system,which has a significant impact on the development of the macro economy.The smooth operation of China's securities market for more than 20 years has played an important role on the promotion of economic development.However,with the further development of the multi-level capital market,many problems come into being owing to the immature market development and the imperfect market system.The financial fraud cases of listed companies caused by various reasons have severely damaged the investor's confidence in the securities market.Therefore,a detailed analysis of the fraud cases has a positive meaning,which makes the participants in the securities market aware of their own problems,and then make corrections and improvements in the subsequent securities transactions.Xintai electric financial fraud is a classic case of the GEM Listing fraud,and the punishment of the relevant agencies is also unprecedented.It highlights the decision of regulators to purify the securities market.The full text is divided into five parts: the first chapter,which introduces the research background,significance,thought of IPO financial fraud and the literature research of domestic scholars briefly,is the introduction.The second chapter is the concept and theoretical basis of the paper,introduces the concept of IPO financial fraud,and summarizes and analyzes the motivation and means of financial fraud.The third chapter is a review of Xintai Electric's IPO financial fraud case,focusing on the background and development of Xintai Electric's IPO financial fraud case.The fourth chapter mainly combines fraud risk factor theory,through the specific analysis of Xintai Electric IPO listed in the five years before the listing of changes in financial indicators to explain the reasons for the fraud of listing and analysis of financial fraud means.The fifth chapter focuses on the status quo of financial fraud of listed companies such as IPO fraud of Xintai Electric and focuses on the financial counterfeiting governance measures.It starts from the company itself,intermediaries,administrative supervision,social media,etc.to create a good The atmosphere of the securities market guarantees the sustainable development of the securities market.