Over a period of three days, two cases were filed. The capital market information dissemination order welcomes stronger supervision.

On July 10, Qiao was investigated by the Securities and Exchange Commission for suspected fabrication and dissemination of false and misleading information related to Sharewin Investment. On July 7, An was also investigated for the same reason related to Zhonggong Education. With two cases opened within three days, the regulatory sword is directly targeting market "disruptors". The signal released by the relevant authorities is clear: the internet is not an extraterritorial space, and the red line of false and misleading information will be strictly enforced.