The State Cyberspace Administration of China, in collaboration with the China Securities Regulatory Commission, will intensively rectify false and untrue information on the internet related to the capital market.

Recently, the Cyberspace Administration of China, in conjunction with the China Securities Regulatory Commission, has been cracking down on online false information related to the capital market and taking legal action against accounts that spread rumors and illegal stock recommendations. The following are some typical cases: 1. Accounts like "Eighth Sister Invincible" spread false rumors regarding capital market regulatory policies. WeChat public accounts like "Eighth Sister Invincible" and "Investment Banking Matters," as well as Sina Weibo accounts like "Investment Banking Soldiers," fabricated false IPO policies and created so-called "exclusive disclosures" and "inside information" without any factual basis. The Sina Weibo account "Tianjin Stock Hero" fabricated false information about stock index futures, misleading public perception. These accounts have been legally dealt with. 2. Accounts like "Financial Report Cloud" aggregate false information about listed companies and financial institutions. WeChat public accounts like "Financial Report Cloud" and "Wei Hai Elite" maliciously aggregate negative information about listed companies and financial institutions, distort the interpretation of corporate equity structure, financial statements, and other publicly available enterprise information, disparaging corporate reputation and predicting negative future prospects for companies. WeChat public accounts like "Great Strength Like a Mountain" and "Zhongzhijinrong" have been spreading rumors about financial institutions through "revelations" and publishing content without factual basis. These accounts have been legally dealt with. 3. Accounts like "Financial Weekend Teacher" use AI to fabricate false information about the capital market. Baidu Baijia accounts like "Financial Weekend Teacher," "Xiao Song Teacher Talks Finance," "Master Cen Finance," and "Long Brother's Dominant Lair" use AI technology to generate false and misleading information about the capital market in bulk, maliciously attacking market regulatory policies and sensationalizing negative emotions through "clickbait" and other methods, disrupting investor decisions. These accounts have been closed in accordance with the law. 4. Accounts like "Love in Deep Autumn-Teacher Zheng" speculate on stock market trends, making random predictions to attract traffic. TikTok accounts like "Love in Deep Autumn-Teacher Zheng" have been making random predictions about stock market trends by using provocative or suggestive language to attract traffic. TikTok accounts like "Honest Person Lao Wang" and "Sunny Day (Ultra-short Skirt Strategy)" have been maliciously capitalizing on market volatility and other hot topics to provoke netizens for attention. These accounts have been closed in accordance with the law. 5. Accounts like "Hot Stock King" illegally recommend stocks for profit. WeChat public accounts like "Hot Stock King" and Kuaishou accounts like "Five Years Ten Thousandfold Returns" illegally recommend stocks by implying the ability to predict stock trends through sharing group chat information, profit screenshots, etc., suggesting that buying certain stocks will guarantee profits and inciting investors to follow suit. These accounts have been closed in accordance with the law. The capital market is highly sensitive to information, and fabricating and spreading false information about the capital market, as well as other illegal and irregular remarks, disrupts the order of information dissemination and affects the stable operation of the market, resulting in legal penalties. The Cyberspace Administration and securities regulatory departments remind the general public to establish correct investment concepts, enhance risk awareness, strengthen financial information identification, avoid spreading rumors, and collectively create a clean online space. This article is reprinted from the "Cyberspace China" WeChat public account, edited by GMTEight: Liu Jiayin.