Behavioral study and Countermeasure Analysis on Financial Frauds of Listing Corporation

China’s financial frauds phenomenon happened increasingly in recent years. The information distortion of accounting misleads investors and creditors, and seriously affects the government’s supervision regulation and macro control. This paper summarized the forms of financial frauds, and analyzed the hazards and causes about financial frauds. Meanwhile, in order to purify the investment environment in China and to promote the sound development of China capital market, this paper put forward the preventive measures and control measures.