“Regulators have been particularly concerned about so-called “circular trading”, transactions in which companies buy and sell the same asset among related parties to create the appearance of revenue without genuine end-user demand. Such practices can artificially boost turnover while masking underlying financial risks.”
Could only happen in China, eh! Good thing western markets aren’t built on similar foolishness 😅
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When the Chinese rug themselves
“Regulators have been particularly concerned about so-called “circular trading”, transactions in which companies buy and sell the same asset among related parties to create the appearance of revenue without genuine end-user demand. Such practices can artificially boost turnover while masking underlying financial risks.”
Could only happen in China, eh! Good thing western markets aren’t built on similar foolishness 😅