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CAC, CSRC Jointly Intensify Efforts to Crack Down on False/ Misleading Information Online Related to Capital Mkts
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The Cyberspace Administration of China (CAC)'s WeChat official account announced that, recently, the CAC, in collaboration with the China Securities Regulatory Commission (CSRC), intensified efforts to address online misinformation related to the capital market. A number of accounts involved in spewing rumors and illegally recommending stocks have been dealt with according to law. Capital market is highly sensitive to information, regulatory authorities said. Fabricating or disseminating false information in capital markets, along with other illegal or non-compliant statements, disrupt the order of information dissemination and undermine the stable operation of the market. Such actions will be subject to legal penalties. AAStocks Financial News Website: www.aastocks.com |
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