Puning's three pillar industries are Chinese herbal medicine, food processing and textile and clothing, all of which are based on agricultural production. Textile and clothing have a lot to do with cotton planting, and the clothing industry needs human resources more.
One of the three listed companies in Puning is worse than the other. Kangmei Pharmaceutical, the boss, was fined for inflating profits by 30 billion yuan on 18. Now it has withdrawn assets of 20.6 billion yuan, which is not far from delisting. Second, Baibaolong, illegal lending, illegal guarantee, illegal misappropriation of raised funds, asset impairment, hidden and tricky. The third company, Guangdong Rongtai, was punished by the Securities and Futures Commission for inflating profits by more than 40 million yuan and concealing related party transactions. The new securities law came into effect.