If the company is subject to administrative punishment, it will have an impact on listing. A listed company refers to a joint stock limited company whose shares are listed and traded on a stock exchange. The shares of listed companies shall be listed and traded in accordance with relevant laws, administrative regulations and trading rules of stock exchanges.
Legal objectivity:
People's Republic of China (PRC) Company Law Article 120 A listed company as mentioned in this Law refers to a joint stock limited company whose shares are listed and traded on a stock exchange. Article 144 The shares of listed companies are listed and traded in accordance with relevant laws, administrative regulations and trading rules of stock exchanges. Article 145 of the Company Law of People's Republic of China (PRC) * * * A listed company must disclose its financial status, business operation and major litigation in accordance with the provisions of laws and administrative regulations, and publish its financial and accounting reports every six months in each accounting year.