"Being punished by the CSRC, can you still borrow the door?"

Because the CSRC has strict requirements on GEM stocks, the risk of GEM stocks is usually much greater than that of A shares. Backdoor listing generally involves a large number of related transactions. In order to protect the interests of small and medium-sized investors, it is necessary to fully, accurately and timely disclose the information of these related transactions in accordance with relevant regulatory requirements. The supervision of backdoor listing becomes stricter, and the value of shell resources will decline. Moreover, the backdoor door of GEM has been closed, and this signal deserves high attention. The risk of GEM is actually much greater than that of the main board, and many people have long forgotten the risk in their fanaticism. Therefore, in order to protect the interests of investors and maintain social and economic stability, the CSRC prohibits the backdoor listing of GEM stocks.