# Yuandao Communication

China’s Regulatory Reckoning: Yuandao Communication Faces Delisting as CSRC Levies Massive Fraud Fines

China's securities regulator has proposed a 238.8 million RMB fine for Yuandao Communication and initiated delisting procedures following a multi-year revenue inflation scandal. The move marks a significant escalation in Beijing's crackdown on financial fraud, targeting both corporate entities and the professional intermediaries who facilitate their market access.