Zuojiang, a once-vibrant company, is now facing an unprecedented crisis. On November 24, 2023, the China Securities Regulatory Commission suddenly launched an investigation into *ST Zuojiang for suspected serious financial fraud. The company's financial information in the past seems so unreliable today.
I still remember the majestic scene when Zuojiang was listed. At that time, their board secretary always couldn't say this or that, and he looked mysterious. He is talking about military secrets, industry secrets, which makes people curious. However, it now seems that all this is nothing more than a smokescreen to cover up the truth.
Judging from Zuojiang's recent stock price trend, some people suspect that there is a suspicion of manipulating stock prices behind this.
All this has greatly reduced Zuojiang's image in the hearts of investors.
On this issue, I would like to say that the most effective way to restore the confidence of shareholders is to make all listed companies understand that once they commit fraud, they will pay the price of bankruptcy. Moreover, they also have to compensate the shareholders for all losses.
Only in this way will shareholders dare to buy the best of private enterprises. Otherwise, no one will dare to touch private enterprises, and the problems will be hidden forever. Zuo Jiang's financial fraud incident is undoubtedly a serious blow to investors' trust. However, it is also a wake-up call to strengthen the supervision of listed companies and protect the rights and interests of investors. Only in this way can we develop healthily and attract more investors to participate. ##