Shenzhen Stock Exchange announced the launch of on-site supervision of CITIC Securities. There are rumors that CitIC Securities "hardened" the Shenzhen Stock exchange and "operated behind closed doors" when sponsoring.
The incident originated from Lianggang Optoelectronics’ responses to inquiries from the Shenzen Stock Exchange. The company's equity is highly concentrated and internal controls are insufficient, making it easy to form a "one-man shop" phenomenon. It is easier to sacrifice the interests of small and medium-sized shareholders for their own interests.