Core Viewpoint - The cancellation of membership for Dongfang Jinyu Co., Ltd. by the Shanghai Gold Exchange highlights significant operational and legal risks, impacting its ability to trade precious metals and diminishing its market credibility [1][3]. Company Summary - Dongfang Jinyu, established in 1993, primarily engages in the design, procurement, and sale of jewelry products, including jadeite raw stones and gold bars [4]. - The company went public in 2004 through a reverse merger, becoming the first listed company in China's jade industry [4]. - In 2015, the stock price peaked at 20.45 yuan per share, with a market capitalization nearing 280 billion yuan, largely due to market manipulation by its former executives [4]. Financial Misconduct - In September 2020, Dongfang Jinyu faced administrative penalties from the China Securities Regulatory Commission for financial fraud, resulting in a fine of 600,000 yuan and market bans for several executives [5]. - The company inflated its reported revenues and profits in multiple financial statements from 2016 to 2018, with discrepancies amounting to 1.42 billion yuan, 2.95 billion yuan, and 1.2 billion yuan in revenue, and 950 million yuan, 1.84 billion yuan, and 790 million yuan in profit, representing significant percentages of total profits for those periods [5]. Market Impact - The cancellation of membership means Dongfang Jinyu can no longer engage in trading precious metals through the Shanghai Gold Exchange, severely affecting its operational capabilities and market reputation [3]. - The case of Dongfang Jinyu is not isolated, as other companies have also faced similar penalties from the Shanghai Gold Exchange for failing to meet membership obligations and exhibiting significant operational risks [7][8].

Core Viewpoint - The Shanghai Gold Exchange has revoked the membership of Dongfang Jinyu Co., Ltd. due to long-term failure to fulfill basic membership obligations, poor management, and significant legal risks [1][3]. Group 1: Company Background - Dongfang Jinyu was established in 1993 and primarily engages in the design, procurement, and sale of jewelry products, including jade raw stones and gold bars [5]. - The company became the first listed jade company in China after a series of equity transfers and asset swaps in 2004 [5]. - In 2015, the company's stock price peaked at 20.45 yuan per share, with a market capitalization nearing 28 billion yuan [5]. Group 2: Financial Misconduct - In September 2020, Dongfang Jinyu was penalized by the China Securities Regulatory Commission for financial fraud, resulting in a fine of 600,000 yuan and market bans for related executives [6]. - The company inflated its revenue and profit figures in annual reports from 2016 to 2018, with inflated revenues of 142 million yuan, 295 million yuan, and 120 million yuan, and inflated profits of 95 million yuan, 184 million yuan, and 79 million yuan, representing 29.6%, 59.7%, and 211.5% of the respective total profits [6]. Group 3: Market Impact - The revocation of membership means Dongfang Jinyu can no longer trade precious metals and derivatives through the Shanghai Gold Exchange, severely impacting its market credibility and competitiveness [3]. - Dongfang Jinyu is not the first company to lose its membership; several others have faced similar fates due to non-compliance and operational risks [8][9].

Core Viewpoint - The cancellation of membership for Dongfang Jinyu Co., Ltd. by the Shanghai Gold Exchange highlights significant operational and legal risks within the company, impacting its market credibility and competitive position in the precious metals trading sector [2]. Company Overview - Dongfang Jinyu was established in 1993, primarily engaged in the design, procurement, and sales of jewelry products, including jade raw stones, finished jade products, gold bars, and gold jewelry [4]. - The company became the first listed jade company in China after a series of equity transfers and asset swaps in 2004, changing its name to Dongfang Jinyu [4]. Financial Misconduct - In 2014 and 2015, the company's stock price was artificially inflated through collusion with private equity investors, reaching a peak of 20.45 yuan per share, with a market capitalization nearing 28 billion yuan [5]. - Following a series of financial scandals, including significant inventory issues and financial fraud, the company faced administrative penalties from the China Securities Regulatory Commission in 2020, resulting in a fine of 600,000 yuan and market bans for related executives [5]. Membership Cancellation - The Shanghai Gold Exchange announced the cancellation of Dongfang Jinyu's membership due to long-term failure to fulfill basic membership obligations and severe legal risks, which prevents the company from trading precious metals and derivatives [2]. - Dongfang Jinyu is not the first company to lose its membership; several other firms have faced similar fates due to operational and legal issues, indicating a trend of increased scrutiny within the industry [8].

瑞丽市市场监管局提醒广大消费者，购买珠宝翡翠产品、翡翠原石时，特别是通过直播小程序等网络线 上平台进行交易时，务必谨慎，切忌在非正规平台进行交易，切记只在正规平台上和证照齐全的商家开 展交易活动，并保存好交易过程中的音视频证据、聊天记录以及转账付款凭证等有效证据资料，如遇消 费纠纷，方能有效维权。 10月30日，南都N视频记者从瑞丽市市场监督管理局了解到，为加强珠宝翡翠直播乱象治理力度，切实 保护消费者权益，近期，该局对翡翠直播引发的消费投诉进行梳理，对被投诉次数较高的商家开展约谈 提醒，并对部分未配合解决投诉态度恶劣或通过注册地址和联系电话无法取得联系的商家以"黑榜"形式 进行公示。 瑞丽市市场监管局严正警告"黑榜"名单商家积极主动配合市场监督管理部门进行消费投诉调解处理工 作。对于态度端正，积极改正，主动化解纠纷的"黑榜"名单商家，市场监管局将视情况从"黑榜"名单内 移除。对于投诉频发、屡教不改的商家，市场监管局将依法从重处罚，情形恶劣的，依法吊销营业执 照，涉嫌犯罪问题的，移交公安机关处理。 ...

Group 1 - The "Elderly Service Consumption Season" launched in July aims to stimulate the silver economy by promoting flexible marketing strategies like live streaming for elderly products [1] - There are over 300 million internet users aged 50 and above in China, with a consumption capacity exceeding 7 trillion yuan annually, highlighting the potential of the silver economy [1] - Live streaming has become a popular shopping method among the elderly, but they are often vulnerable to misleading information and scams due to their limited ability to discern online content [1][2] Group 2 - "Story-driven live streaming" is emerging as a new tactic to engage elderly consumers, using emotional narratives to encourage purchases [2] - Many elderly individuals are spending significant amounts of money on products promoted in live streams, often without realizing the potential for fraud [3][4] - The emotional connection created in live streaming environments can lead to irrational purchasing decisions among elderly consumers [5] Group 3 - Complaints about scams involving low-quality products are common, with elderly consumers often falling victim to deceptive pricing and emotional manipulation [3][6] - The process of seeking redress for scams is fraught with challenges, as many elderly victims face difficulties in navigating complaint systems and often receive inadequate responses from platforms [6] - Regulatory measures are being introduced to protect elderly consumers, including guidelines for verifying the legitimacy of products sold in live streams [7] Group 4 - Community initiatives and technological solutions are being developed to educate elderly consumers about potential scams and enhance monitoring of live streaming activities [7]

"看这块石头，皮壳黑得发光发亮，打灯爆绿，切开妥妥大涨。"网络直播间里，主播热情洋溢地展 示着翡翠原石，然而屏幕背后，一场精心设计的骗局正在上演。 近日，由甘肃省通渭县检察院提起公诉的一起特大网络直播赌石诈骗案宣判。法院以诈骗罪判处张 某某等6人有期徒刑十年九个月至三年，并处罚金1.5万元至7000元；以诈骗罪判处摸某某等25人有期徒 刑三年至八个月，缓刑五年至一年，并处罚金6000元至3000元。2人因犯罪情节轻微被作出不起诉决 定。 攻坚克难 引导取证穿透"数据迷雾" 2023年底，一起涉及网络直播赌石的诈骗线索进入通渭县公安机关的视野。面对这一犯罪链条高度 网络化、组织化、跨区域化的新型犯罪，公安机关邀请通渭县检察院依法介入侦查。该院第一时间成立 专案组。 "此类犯罪依托网络平台，行为隐蔽性强，关键电子证据易灭失，固定证据是首要难题。"办案检察 官许丽文介绍。依法介入后，专案组与公安机关密切协作，共同研判案情，提出重点围绕内部组织证 据、直播活动证据、资金流向证据、被害人关联证据开展调查取证。 在通渭县检察院的引导下，公安机关迅速行动，张某某等12名犯罪嫌疑人被抓捕归案，查封扣押涉 案电子设备84台及假 ...