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Chinese social media platforms to 'rectify' financial self-media accounts – Financial Post

August 29, 2021
Source: canadanewsmedia.ca canadanewsmedia.ca
News Snapshot:
Article content SHANGHAI — China’s top social media platforms, Wechat, Douyin, Sina Weibo and Kuaishou, said on Saturday they would begin to rectify irregular practices of “self-media” accounts that publish financial information, reported state media Global Times. This follows an announcement by China’s cyberspace regulator, the Cyberspace Administration of China (CAC), that it would look into accounts that have repeatedly released financial news illegally, distorted economic policy interpretation, badmouthed financial markets, spread rumors and disrupted network communications. Article content The term “self-media” is mostly used on Chinese social media to describe independently operated accounts that produce original content but are...
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