According to the clues fed back by the Central Inspection Team, the CSRC found out that Feng Xiaoshu, a former employee of Shenzhen Stock Exchange and a part-time member of the Stock Issuance Review Committee, was suspected of illegally buying and selling stocks.

The CSRC decided to confiscate Feng Xiaoshu's illegal income of 248 million yuan and impose a fine of 25 1 10,000 yuan. At the same time, Feng Xiaoshu was banned from the market for life.

Zhang Xiaojun, spokesperson of the CSRC, said that Feng Xiaoshu bought shares of the company to be listed in the name of his mother-in-law Peng Mochang and his spouse's sister He Momei, and sold them after the company went public to make huge profits. The accumulated transaction amount reached 256.5438 billion yuan, the principal was 3 million yuan, and the profit amount reached 248 million yuan.