# liuzhi

Chairman of ‘Metaverse’ Concept Stock Placed Under Supervisory Retention, Raising Governance and Investor Risks

Fushi Holdings said its chairman and majority controller, Chen Yongliang, was placed under retention by a national supervisory commission on February 1, without the company being asked to assist the probe. The development heightens investor and governance risks for the loss-making firm and highlights broader regulatory scrutiny of speculative “metaverse” concept stocks in China.