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China cracks down on illegal online financial information accounts to ensure market stability

Source: pdnews.cn pdnews.cn
News Snapshot:

Concept photo of internet finance Illustration: VCG China is intensifying a crackdown campaign on problematic online social media accounts that illegally publish financial information and engage in fraud and other illegal activities, as authorities in Shenzhen arrested a popular financial blogger, known as Huang Sheng, on suspicion of operating an illegal peer-to-peer (P2P) lending platform. The scrubbing and removal of illegal financial media accounts, as part of the normalized supervision of the capital market, is crucial to maintaining a stable financial market and defusing financial risks, a top priority for Chinese regulators, experts said. In the latest high-profile case, Huang,…

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