In 2025, China listed Macau Xinhe Machinery Co., Ltd., mainly because the company disclosed false information, which caused heavy losses to investors. The company failed to go public normally because the investors' investment failed to get results. In addition, the government took corresponding actions against the company, regarded it as an illegal act and took judicial action.
Macau is a special administrative region of China, located at the southern end of Malacca Strait on the east bank of the Pearl River Estuary, with an area of 1 1.6 square kilometers, facing Jiangxi Province of China along the river.