In a period fraught with tensions with the U.S., China is trying to show it's being serious about tackling fraud.
" still a long way for China to go,“ he said. There are "still widespread irregularities in China's securities market.”
The virus, which has infected more than 3 million people and killed more than 211,000 worldwide, first emerged late last year in the Chinese city of Wuhan. However, Beijing has made some progress. Early noted that the Chinese investigation into Luckin contrasts with the government's previous inaction about a decade ago, when more than 100 companies attempted to evade scrutiny through a "reverse-merger" process.Several analysts expect more cases of fraud will soon come to light, adding furtherChinese listings in the U.S.
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