In its latest tech crackdown, Chinese regulators will conduct a two-month campaign to clean up finance-related content deemed harmful to the economy.
The initiative will focus on commercial platforms and social media accounts that «maliciously» report on China’s financial markets, according to a statement last Friday from the Cyberspace Administration of China (CAC).
Those who republish foreign media reports or commentaries that falsely interpret domestic financial topics without «without taking a stance or making a judgment» will also be targeted.
«Benign» Online Environment
The move aims to cultivate a «benign» online environment to facilities «sustainable and healthy development» of China’s economy and society, according to the CAC.
Commercial websites and platforms will be ordered to clean up finance-related posts and close accounts deemed in violation under the supervision of the CAC, the finance ministry, central bank as well as securities, banking and insurance regulators.
