Chinese Regulator Fails to Investigate Company Delisted for False Financial Reports

Chinese Regulator Fails to Investigate Company Delisted for False Financial Reports
Investors watch an electronic board showing stock prices at a securities brokerage in Beijing on March 20, 2008. Peter Parks/AFP via Getty Images
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Insiders revealed to The Epoch Times that the China Securities Regulatory Commission favored interest groups, leaving small and medium retail investors to bear losses in the case of a delisted company accused of falsifying $2.3 billion in financial data.

Jiangsu Province-based Kangde Xin Composite Material (Kangde Xin) is a technology company focused on pre-filming materials, photoelectric materials, and carbon materials.