Posted 11/23/2023, 1:35:00 PM
China Cracks Down on Online Financial Rumors to Fight Market Manipulation
- Authorities in China cracking down on people spreading financial market rumors online to mislead investors or make money
- One man detained for editing Reuters screenshot to falsely claim China banning margin trading
- Another man fined $28K for editing news headline to spread false rumor about soda ash market facing more supervision
- Campaign launched to fight online rumors and create clearer, healthier online environment
- Police sharing details of rumor crackdowns as warnings/examples for broader campaign