China's capital market lags behind that of western countries. The Shanghai Stock Exchange, the first stock exchange after China's reform and opening up, was formally established on November 26, 1990, and the Shenzhen Stock Exchange began its trial operation on December 1, 1990. The overall market has great potential for development. So far, there has been a fairly good market scale. No matter from the number of listed companies, the amount of financing and investment, or the number of shareholders involved, we can see the vigorous development of securities in China. However, in recent years, financial frauds of listed companies in China have frequently occurred, such as the inflated huge amount of money of Kangmei Pharmaceutical, the illegal disclosure of information by Wanfu Shengke, and the fraudulent issuance of shares by Green Land, such as the falsification of documents and fabricated statements by Yinguangxia, etc. From a macro point of view, financial fraud disturbs the order of China's capital market, reduces China's ability to allocate resources in the market and hinders the sound development of the capital market. Due to the various financial fraud methods of TY shares, the inflated operating profit amount is huge, the personnel involved are numerous, and the fraud case is serious, which was given the top punishment by the CSRC and 2019. Therefore, it is necessary to analyze the financial fraud cases of TY shares, which can be used as a reference for subsequent financial fraud of other companies and also as a warning for other companies.

Wang Siyuan. Analysis of Reasons for Financial Fraud of TY Shares. Academic Journal of Business & Management (2022) Vol. 4, Issue 10: 100-104. https://doi.org/10.25236/AJBM.2022.041017.

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