严重财务造假，强制退市

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has initiated administrative penalties against *ST Yuancheng for falsifying financial data in its periodic reports, which includes inflated revenue and profits over three consecutive years [1]. Summary by Categories Regulatory Actions - The CSRC plans to impose a fine of 37.4546 million yuan on *ST Yuancheng and a total of 42 million yuan in fines on five responsible individuals [1]. - The actual controller of *ST Yuancheng will face a 10-year ban from the securities market [1]. Potential Consequences - *ST Yuancheng is suspected of triggering significant violations that could lead to mandatory delisting, prompting the Shanghai Stock Exchange to initiate delisting procedures [1]. - The CSRC will transfer any potential criminal evidence to law enforcement agencies in accordance with relevant laws and regulations [1].