Shanghai Stock Exchange Imposes 5-Year Ban on S2C Chip Maker for Falsely Inflating Profit

Tuesday, 11 June 2024, 13:45

The Shanghai Stock Exchange has placed a 5-year ban on S2C, a local chip maker, prohibiting them from listing shares due to false profit inflation. This marks a significant move under China's registration-based IPO system introduced in 2023, highlighting the consequences of financial misconduct.

https://store.livarava.com/f4ababb7-27f8-11ef-a413-9d5fa15a64d8.jpg — Shanghai Stock Exchange Imposes 5-Year Ban on S2C Chip Maker for Falsely Inflating Profit

Shanghai Stock Exchange Sanctions S2C Chip Maker

The Shanghai Stock Exchange has made a groundbreaking decision by imposing a 5-year ban on S2C, a local chip maker, preventing them from listing shares for profit manipulation. This action underscores the strict regulatory measures in China's evolving financial landscape.

Impact of the Ban on S2C

First moratorium under registration-based IPO system
Consequences of false profit inflation

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.