In Depth: How a Tycoon Looted Billions of Yuan From a State-Backed Port

On July 25, Jinzhou Port Co. Ltd. became the first port operator to be kicked off a Chinese mainland stock exchange.

The delisting came after the securities watchdog determined the company had fabricated over 8.6 billion yuan ($1.2 billion) in revenue and nearly 180 million yuan in profit between 2018 and 2021.