Cyberspace Administration of China Launched An Action … to Illegally Collect and Publish Financial Information
On August 27, Cyberspace Administration of China launched a special rectification of commercial website platforms and "self-marketing" irregularities in the collection and publication of financial information. The first phase will last for three months, and the Cyberspace Administration of China will work with the National Development and Reform Commission, the Ministry of Finance, the People's Bank of China, the Securities Regulatory Commission, the Banking Regulatory Commission and other departments to jointly supervise and guide.
According to the Cyberspace Administration of China about responsible official introduction, the special rectification of the heavy point focusing financial class "self media" accounts, the main public account platform, the main commercial website platform financial section, the main financial information platform of the four types of online communication subjects, focusing on combating eight types of irregularities: one is the distorted interpretation of China's financial policy.
First, distorted interpretation of China's financial policies and macroeconomic data, malicious short-selling of China's financial market, slander of the Chinese economy, etc..
Second, the reproduction of foreign distorted interpretation of China's financial field hotspot reports and comments.
Thirdly, it is to make hype in the name of so-called "unveiling", "heavy", "exclusive breaking news", etc., or even to create rumors and spread rumors.
Fourth, when reproducing financial news information from compliant sources, maliciously falsifying, taking out of context, one-sided misinterpretation and other acts.
Fifth, malicious short-selling or price inflation of individual stocks, speculation on regional property market fluctuations, disrupting the normal market order.
Sixth, speculation on negative information to threaten and intimidate the relevant interest subjects, extortion and blackmail to seek illegal benefits.
Seven is the speculation of social malevolence, negative extreme events, inciting sadness, anxiety, panic and other emotions, to promote the so-called "financial business class", all kinds of insurance products, etc..
Eight is not strictly fulfill the identity authentication procedures, fraudulent abuse of the name of the staff of the competent financial departments or experts and scholars to open financial columns, accounts, etc.
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