Guangxia in false financial reports row

The China Securities Regulatory Commission (CSRC) launched an investigation into Guangxia (Yinchuan) Industry suspecting the company's annual report for last year had lied about exports and foreign currency earnings, SCMP reports. The company on Tuesday issued a statement saying that its Tianjin subsidiary had issued false information. Trading of the stock, on the Shenzhen market, has been suspended for 30 days.

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