Scandal-hit jeweller Kingold named and shamed, as China financial regulator calls for stricter risk management
The China Banking and Insurance Regulatory Commission confirmed the scandal involving Nasdaq-listed Kingold Jewelry for the first time, as it stressed the need to clamp down on financial irregularities and fraud over the weekend.In a statement issued on Saturday, the watchdog also summarised the major challenges and risks the country’s financial sector had faced this year.“A number of banking, insurance and trust institutions were involved in the Wuhan Kingold Jewelry fake gold incident, which…
Scandal-hit jeweller Kingold named and shamed, as China financial regulator calls for stricter risk management
The China Banking and Insurance Regulatory Commission confirmed the scandal involving Nasdaq-listed Kingold Jewelry for the first time, as it stressed the need to clamp down on financial irregularities and fraud over the weekend.In a statement issued on Saturday, the watchdog also summarised the major challenges and risks the country’s financial sector had faced this year.“A number of banking, insurance and trust institutions were involved in the Wuhan Kingold Jewelry fake gold incident, which…