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Forensic Analyst

Jason Yap, CFA

Forensic Accounting

<p>On 6 July 2021, Chinese regulators introduces guidelines for a crackdown on capital markets misconduct including, amongst others, data security lapses and financial fraud.  This article focuses on the financial fraud aspects of the latest guidelines, including how the <a href="https://www.smartkarma.com/entities/luckin-coffee-inc" target="_blank" data-smartkarma-citation="entities:28046:1" rel="noopener">Luckin Coffee (LKNCY US)</a> incident might have been an impetus for the introduction of these guidelines, what the Chinese regulators' attitude had been, and how future developments might unfold.</p>

On 6 July 2021, Chinese regulators introduces guidelines for a crackdown on capital markets misconduct including, amongst others, data security lapses and financial fraud.  This article focuses on the financial fraud aspects of the latest guidelines, including how the Luckin Coffee (LKNCY US) incident might have been an impetus for the introduction of these guidelines, what the Chinese regulators' attitude had been, and how future developments might unfold.

Kangmei Pharmaceutical Co Ltd (600518 CH)

Jiangsu Kangde Xin Composite Mtrl Co (002450 CH)

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