Research on Financial Fraud of Selen Technology

Abstract

China's Construction of High-quality Capital Market Holds Zero Tolerance to Financial Fraud of Listed Companies. Selen Technology was listed on the Shenzhen Stock Exchange in 2010. In 2020, it was disclosed by the CSRC that it had engaged in financial fraud for three consecutive years from 2016 to 2018, with inflated profits of up to RMB180 million. In this paper, Selen Technology is selected as a case company, and the motivation, means and causes of financial fraud are analyzed based on fraud triangle theory, and the corresponding governance measures are given.