The National Internet Information Office continues to effectively clean up the chaos of online financial information.

Recently, the Cyberspace Administration of China, together with financial regulatory authorities, lawfully handled a batch of accounts and websites spreading false information about the capital market, engaging in illegal stock recommendations, and speculative trading of virtual currencies. The following are some of the typical cases reported: 1. Accounts such as "iStock APP" disseminated false information about the capital market. Weibo account "iStock APP," TikTok account "Value Discoverer," and WeChat public account "Captain Jack Macro Strategy" spread false information related to margin trading and securities lending system arrangements. The WeChat public account "Captain Jack Macro Strategy" spread rumors about quantitative fund regulatory policies. The Baidu Baijiahao account "Northern Bear Meow" published false information about the trading hours of the capital market. The accounts involved have been lawfully closed. 2. Accounts such as "Brother Kan Talks about Finance" engaged in illegal stock recommendations. TikTok accounts "Brother Kan Talks about Finance," "Peak Falling Leaves," WeChat public accounts "Little Dolphin Big Dream," "Feng Qingyang Hero," Weibo accounts "Lang Sha Gold Panning Hero," "Bulls Everywhere -," Kwai accounts "Financial Old Leeks," "Golden Leaf Finance," etc., through provocative or suggestive language, guided investors to pay to join the group to buy stocks, hint at predicting the trend of individual stocks, promote the notion that buying certain stocks guarantees profits, and engage in illegal stock recommendations. The accounts involved have been lawfully closed. 3. Accounts and websites such as "Fire Brother Talking about Encryption" promote speculative trading of virtual currency. Weibo accounts "Fire Brother Talking about Encryption," "Finance-Xu Yanwen," "An-Lun Coin," Zhihu account "Post-00 Rich Generation," etc., induced netizens to participate in virtual currency trading through chat group information, profit screenshots, etc. Domestic website platforms such as pkex, weex, htx provide application download services or indirect trading services for overseas virtual currency trading platforms. The accounts and websites involved have been lawfully closed. 4. Accounts such as "Xiao Bei You" disseminated information about the black and gray industries in the financial sector. Xiaohongshu accounts "Xiao Bei You," "Mr. San," Baidu Baijiahao accounts "National Aid You Loan," "Perfect Ten," etc., disseminated rhetoric such as "debt optimization," "negotiated repayment," "professional anti-collection," "full refund insurance," fictitious successful cases, inducing and instigating financial consumers to use suspected illegal means to safeguard their rights, disrupt the normal order of the financial market, and infringe on the legitimate rights and interests of financial institutions. The accounts involved have been lawfully closed. The Cyberspace Administration reminds the general public to establish correct investment concepts, enhance risk awareness, strengthen the identification of financial information, do not spread rumors, do not believe rumors, stay away from illegal financial activities, guard against personal property loss or information leakage. At the same time, the Cyberspace Administration will continue to maintain a high-pressure crackdown and call on the general public to actively report problem clues. This article is from "NetChina," GMTEight editor: Li Cheng