People are seen at the booth of Kangmei Pharmaceutical at a trade and service fair in Beijing on May 31, 2018. Photo: Reuters

Why is Kangmei Pharmaceutical, found to have committed one of China’s biggest financial frauds, rallying?

  • Regulator imposes tiny fine, does not signal Kangmei Pharmaceutical will be delisted
  • Shows light punishment gives companies ‘great motivation’ to cheat, analyst says
Topic |   China stock market

TOP PICKS

People are seen at the booth of Kangmei Pharmaceutical at a trade and service fair in Beijing on May 31, 2018. Photo: Reuters
READ FULL ARTICLE