TMTPOST -- In a landmark ruling, an investor institution has successfully sued WanFang Development, a listed company, for securities fraud due to false representations in its earnings forecast. This case marks the first instance in China where investors have won a court ruling against a public company without the backing of prior regulatory actions by authorities. According to exclusive reports from Wall Street Journal’s XinFeng, the court has mandated that WanFang Development assume liability for damages as a result of this ruling. Historically, investor victories in similar cases have relied on evidence of regulatory actions from the China Securities Regulatory Commission (CSRC) as a key point of reference. Industry experts believe that this landmark case could play a crucial role in enhancing integrity in China’s capital markets, curbing financial misconduct, and reinforcing legal protections for small and medium-sized investors. The outcome underscores the growing accountability of listed companies and may set a precedent for future cases involving investor protections in the absence of regulatory measures.