I find that the punished behavior by CSRC focuses on fraudulent IPO, publishing mendacious information, trading illegally and change the usage of raising funds.

• 研究发现，受到处罚的违规行为主要集中在欺诈上市、上市后提供虚假信息、在信息披露时有重大遗漏、违规买卖炒作股票或改变募集资金用途等几个方面。