Analysis And Countermeasure Research Of Financial Fraud In Chinese Chemical Companies

In the context of economic globalization,China’s securities market has developed rapidly and progressed.The number of listed companies and the scale of investment and financing in the market are both on the rise,The investment and financing functions of China’s securities market have become increasingly apparent.However,China’s securities market governance environment and regulatory system has not been completed.in recent years,the financial fraud has occurred frequently,which not only shook public confidence in the securities market,weakens the investment desire of individuals and organizations,reduces the efficiency of market resource allocation,but also reduces the efficiency of market resource allocation.Which seriously hinders the healthy development of china’s securities market.Throughout the series of financial fraud cases that have occurred in recent years,"Kangda New Materials","Huasu Holdings",and "Kangdexin" which broke the record of A-share fraud in 2019,are all chemical companies.Therefore,it is particularly important to put forward corresponding countermeasures to curb financial fraud by analyzing the problem of financial fraud in the chemical industry.Based on relevant theories and literature,this article uses a combination of theoretical analysis and case analysis to study the problems of financial fraud and preventive measures in the chemical industry.First of all,selected the financial fraud cases of listed companies in the chemical industry from 2000 to 2020 as the sample.Through the statistical analysis of the industry development status and financial fraud cases,to discusses several common methods of financial fraud in the chemical industry,and analyzes the causes of financial fraud in this industry.Secondly,taking Kangdexin’s typical cases of financial fraud as an example,using GONE theory to discuss the motivation,means and consequences of financial fraud.At last,In response to the outstanding problems found in the research,Put forward countermeasures and suggestions in terms of curbing greed,reducing opportunities for fraud,abandoning bad needs,and increasing exposure risks.In order to curb financial fraud in the chemical industry and promote the orderly development of the industry,to Contribute to the healthy,stable and sustainable development of China’s capital market.