Original title: Beautiful earnings report and stimulus plan landing, US stocks closed up, Apple returned to the world’s top market capitalization source: financial industry website Financial Sector US Stocks News August 1, Beijing time news, the trillion-dollar stimulus plan was approved and the four major technology stocks were absolutely boosted by their beautiful earnings reports. US stocks closed up in […]

Original title: Ruixing’s financial fraud investigation is released, administrative punishment is on the line Trainee reporter He Jueyuan On July 31, the Ministry of Finance, the State Administration of Market Supervision and the China Securities Regulatory Commission successively issued investigation reports on Ruixing Coffee’s financial fraud. The China Securities Regulatory Commission revealed that recently, the China Securities Regulatory Commission has

Ruixing financial fraud investigation is released, administrative punishment is on the line >> Read More

Original Title: Hengqiang, the Big Four, US Stocks Collectively Higher Open and Nasdaq rose nearly 150 points Source: Financial industry website Financial Sector US Stocks News, July 31, Beijing time, investors are paying attention to economic data and the progress of the new round of economic stimulus plans. At the same time, the four major technology giants, Apple, Amazon, Google

The four giants, Hengqiang, U.S. stocks collectively open higher and the Nasdaq rose nearly 150 points >> Read More

Gelonghui July 31丨In ​​April of this year, Luckin Coffee Inc. exposed its financial fraud and received widespread attention. In accordance with the State Council’s Financial Commission’s “zero tolerance” spiritual requirements for financial fraud in the capital market, the China Securities Regulatory Commission, together with the Ministry of Finance, the State Administration for Market Regulation and other departments, suspected violations of

The China Securities Regulatory Commission issued a circular on the investigation and disposal of Ruixing Coffee’s financial fraud >> Read More

BRIEF

July 31 (Reuters)-* CHINA’S MARKET REGULATOR SAYS TAKING ACTION AGAINST LUCKIN COFFEE AFTER INVESTIGATION FOUND THAT THEY HAD FALSIFIED TRANSACTIONS, CARRIED OUT INAPPROPRIATE COMPETITIVE ACTIONS INAPPROPRIATE COMPETITIVE ACTIONS INAPPROPRIATE COMPETITIVE ACTIONS ACTIONS ACTIONSAYD REGULATORTA ACTIONSFurther company coverage: (Reporting by Brenda Goh. editing by John Stonestreet) (([email protected]) Reuters, July 31-*The Chinese market regulator said it had taken action against LUCKIN Coffee.

BRIEF >> Read More

Original title: The State Administration of Market Supervision filed investigations into Ruixing Coffee (China) Co., Ltd. and Ruixing Coffee (Beijing) Co., Ltd. for suspected unfair competition In April of this year, Ruixing Coffee “disclosed” financial fraud, and the State Administration of Market Supervision quickly established a task force to investigate Ruixing Coffee’s suspected fraudulent transactions and other unfair competition behaviors.

The State Administration of Market Supervision filed an investigation into Ruixing Coffee and other suspected unfair competition >> Read More

Original title: The Ministry of Finance completed the inspection of the accounting information quality of Ruixing Coffee Company’s domestic operating entities Source: Supervision and Evaluation Bureau July 31, 2020 Source: Bureau of Supervision and Evaluation In accordance with the “Accounting Law of the People’s Republic of China”, the Ministry of Finance has organized its forces to deal with Luckin Coffee

The Ministry of Finance completed the inspection of the accounting information quality of Ruixing Coffee Company’s domestic operating entities >> Read More

Original title: Ministry of Finance: From April 2019 to the end of 2019, Ruixing Coffee inflated revenue by 2.119 billion yuan. Source: Securities Times·e Company e company news, the Ministry of Finance has completed the inspection of the accounting information quality of Ruixing Coffee Company’s domestic operating entities. The inspection found that from April 2019 to the end of 2019,

Ministry of Finance: From April 2019 to the end of 2019, Ruixing Coffee inflated its revenue by 2.119 billion yuan >> Read More

By Scott Murdoch HONG KONG (Reuters) – Credit Suisse Group AG’s Asia-Pacific business has the highest level of credit provisions for potential loan losses across each of the bank’s major divisions, according to its second-quarter accounts. The Swiss-based bank made 81 million Swiss francs ($88.66 million) in provisions for credit losses in the Asia-Pacific in the second quarter, its results

Credit Suisse’s Asian business has highest level of credit provisions >> Read More

Since mid-April, all’s been quiet forStarbucks (NASDAQ: SBUX ), at least in the equity market. SBUX stock saw a brief rally in early June, but that aside has stalled out. Source: Grand Warszawski / Shutterstock.com I expect that will change soon — and possibly next week. Starbucks reports fiscal third-quarter earnings on Tuesday afternoon. And that release should be a

Ahead of Earnings, Buy the Dip in Starbucks Stock >> Read More

Original title: Lu Zhengyao, a car rental in China, struggling to find another man Shenzhou Rent-a-Car has had many twists and turns on the way to find Panxia. July 20, SAIC Announced that after the group’s wholly-owned subsidiary SAIC Motor Hong Kong Investment Co., Ltd. signed a contract to acquire China Rent-A-Car, in the process of subsequent equity transfer agreement

Shenzhou Rent-a-Car, Lu Zhengyao, struggling to find another man >> Read More

Original title: American style 5 yuan a cup, Michelle Ice City sells coffee a bit wild It’s not Hey Tea or Naixue. The first domestic milk tea that broke through 10,000 stores is a brand called Michelle Ice City. On June 21, Michelle Ice City put up a banner of “Congratulations to Michelle Ice City’s global stores for breaking through

American style 5 yuan a cup, Michelle’s coffee shop is a bit wild >> Read More

After three months and eighteen days, the “China” earthquake triggered by Luckin Coffee’s (LK.US) self-explosive financial fraud finally came to an end with a seemingly successful ending. On July 20th, China Car Rental (00699) issued an announcement stating that its two major shareholders, UCAR, Amber Gem (a subsidiary of Warburg Pincus, a US private equity investment company), had signed a

The 110 days after the crash of Shenzhou Car Rental (00699) >> Read More

Original title: Two Chinese concept stocks that may cause heavy losses to investors at any time Source: Financial industry website The U.S. Senate recently passed a new bill. Many investors who buy U.S. listed Chinese concept stocks will be hit, because under the bill, companies controlled by foreign governments or listed companies that do not hand over accounting books to

Two Chinese concept stocks that may cause heavy losses to investors at any time >> Read More

Zhitong Finance APP learned that according to media reports, part of the investigation report of the Special Investigation Committee on the Luckin (LK.US) incident has been exposed. The investigation results showed that the investors and company directors Liu Erhai and Li Hui were unaware of the fraud, and none of the current board members participated in the fraud. It is

Ruixing (LK.US) incident investigation report exposed, investors Liu Erhai and Li Hui did not know >> Read More

Author Chai Jiayin After three months of ups and downs, Lu Zhengyao finally sold the cornerstone of his “capital empire”-Shenzhou Car Rental. On the evening of July 20, 2020, UCAR announced that it intends to transfer no more than 443 million shares of its holding company Shenzhou Rental Car to Jiangxi Jinggangshan BAIC Investment Management Co., Ltd. or its designated

Last night, Lu Zhengyao finally sold the Shenzhou car rental completely >> Read More

Original title: Shenzhou car rental “changed ownership” changed: SAIC abandoned BAIC and then took over, the news was leaked in advance that Shenzhou UCAR was investigated? Reporter | reachable Edit | The head of the “Shenzhou Department” Lu Zhengyao was deeply involved in the financial fraud of Ruixing Coffee. The news of the change of ownership of Shenzhou Car Rental

China Rent-a-Car changes ownership: SAIC abandons BAIC’s takeover news leaked ahead of schedule >> Read More

Original title: Ruixing Financial Fraud Aftermath Impact? UCAR was investigated! Lu Zhengyao was “double clicked”! Source: Wildfire Finance According to the latest announcement on July 20, according to the latest announcement of UCAR, because of suspected information disclosure violations and other acts, the SFC will investigate the company. CICC, as the lead underwriter, also issued a risk warning, saying that

Ruixing Financial Fraud Aftermath Impact? UCAR was investigated! Lu Zhengyao was “double clicked”! >> Read More

Original title: Shenzhou car rental “sell body” twists and turns! SAIC exits, BAIC takes over! What cards did the two sides play? The company responded As the core asset of the China Department, the divestiture of China Rent a Car from the “China Department” can be described as twists and turns. After several rounds among potential buyers such as Huaping

Shenzhou car rental “sell the body” twists and turns: SAIC withdraws from the BAIC takeover, what cards are played by both parties? >> Read More