Legal analysis: when financing through the capital market, especially equity financing, the company's reputation and reputation are a hurdle that cannot be bypassed. It may be because of punishment that new shares cannot be issued within a certain period of time, or the scale of new shares is limited and the issue price is low. In addition to qualification examination and approval, there is room for optimization of scale and interest rate through bond financing, which are closely related to corporate reputation. In addition to financing, enterprises engaged in socialized management will also be affected by negative evaluation, which will damage the interests of the company.
Legal basis: Article 40 of the Administrative Punishment Law of the People's Republic of China. If a citizen, legal person or other organization violates the administrative order and should be given administrative punishment according to law, the administrative organ must ascertain the facts; If the illegal facts are unclear and the evidence is insufficient, no administrative punishment shall be given.