A Study On The Issue Of Financial Fraud In The Gem IPO

In the development of China's capital market for over 20 years,the stock market has been rapid development,the number and size of the financing of listed companies increased significantly,but it is the illegal operation of listed companies and financial fraud have occurred,and repeated.The gem of our country was established in 2009 in Shenzhen,entrepreneurship set up time is not long,the listed companies are mostly small and medium sized companies and has certain scientific and technological content of the company.The gem in the process of rapid expansion,some problems are exposed.And most of the scholars of love before the main market,there are not many studies on the gem IPO for such financial fraud.Emerging markets,how to find fraud companies,how to prevent fraudulent listing,is an important basis for the healthy development of the market and the premise.In this paper,the problem of financial fraud gem IPO as the research object,using a combination of theory and practice of combining research methods,combining qualitative analysis and quantitative analysis.Firstly,the application of the literature analysis method,combing the relevant literature of financial fraud;followed by the 2013-2016 year financial fraud case summary,emphatically analyzes several typical cases of the gem of financial fraud,the universal law of financial gem fraud problems.And then select from the typical case of Xintai electric as a case to study,analysis of Xintai electric the financial fraud incidents are summarized,combined with Xintai electric IPO reporting period data and annual data of financial statement analysis,ratio analysis method in-depth analysis,identification of Xintai electric financial fraud involved,and pointed out the signs of risk and financial fraud Xintai electric enterprise itself exists,analysis of Xintai electric financial fraud motivation,and to sum up the case.Finally,according to the typical case of Xintai electric,extended to the entire stock market,analyze the reasons of financial fraud repeated by enterprises,intermediary agencies and supervision departments to make reflection,and for the enterprises,intermediaries,and regulators put forward corresponding measures and countermeasures,to create a good environment for investment the majority of investors.