What kind of punishment did the CSRC make for Zhangzidao's alleged property fraud?

At present, few A-share listed companies are financially normal, and Zhangzidao has problems. The CSRC fined Zhangzidao Company 600,000 RMB, and several senior executives fined 30,000 to 300,000 RMB. To tell the truth, this fine is just tickling. Compared with the profits from fraud, this is really nine Niu Yi cents. However, it makes sense that Chairman Wu Hougang was banned from the securities market for life. Wu Hougang resigned after such a move.

When it comes to the financial problems of Zhangzidao, we have to start with the situation of scallops fleeing. At that time, there were media reports about scallops fleeing, and many netizens laughed in the comments. They really took this as a joke and agreed that it was covering up the financial problems of Zhangzidao. However, the CSRC also approved Zhangzidao Company to carry forward the financial cost under the circumstance that the current seabed assets are difficult to verify, which is why the company's financial statements are so false.

Since six years ago, Zhangzidao has suffered losses for two consecutive years. Based on this situation, Zhangzidao Company began to claim that scallops escaped and died in a large area. However, people living on the island don't recognize the company's reason, and even scoff at it, saying that no matter what products Zhangzidao has, it is only to take the blame for financial fraud.

There are also rumors that the janitor of Zhangzidao drinks Maotai in the market, which makes more and more questions about Zhangzidao online, and the staff style of this company is also very chaotic. It is reported that it is really impossible for employees to steal more than 200,000 yuan of scallops. Considering so many situations, Zhangzidao belongs to fish begins to stink at the head, and its executives and employees are corporate moths. How can such a company have no problems?

In addition, the income of the islanders on Zhangzidao is getting worse and worse, because these islanders all work in Zhangzidao Company. At present, the government of Zhangzidao is in trouble, which indicates that Zhangzidao Company is slowly declining.