The China Securities Regulatory Commission published an enforcement update on its investigation into Oriental Group (600811), reporting preliminary findings that the company’s 2020–2023 disclosed financial information was seriously false and may constitute major financial fraud that could trigger compulsory delisting for major violations. The case was opened on 20 June 2024 and remains under investigation. The CSRC said it will expedite fact-finding and deal with the matter strictly in accordance with the law, while stepping up coordinated administrative, civil and criminal accountability for falsification that harms investors. The regulator said it will strictly implement the delisting regime for listed companies that meet the conditions for compulsory delisting due to major violations.
China Securities Regulatory Commission 2025-02-28
China Securities Regulatory Commission alleges major financial fraud at Oriental Group and signals potential mandatory delisting
The China Securities Regulatory Commission (CSRC) released an update on its investigation into Oriental Group, revealing serious falsification in the company's 2020–2023 financial disclosures, potentially leading to compulsory delisting. The CSRC is expediting the investigation and will enforce coordinated administrative, civil, and criminal accountability for investor harm. The regulator emphasized strict adherence to the delisting regime for companies with major violations.