China Cracks Down on Unverified Market Rumors: Securities Times

Chinese authorities have prosecuted people responsible for fabricating and spreading stock market rumors in a bid to stem the circulation of false information, state-owned Securities Times reported.

Eliminating the spread of falsehoods related to the stock market has become a major goal for the China Securities Regulatory Commission, which aims to regulate the dissemination of information in the capital market and improve monitoring, the newspaper said Saturday.

China’s stock market watchdog last year suspended a popular trading platform from adding new clients after some influencers offered investment advice without the required licenses. The cyberspace administration also cracked down on ...