Chinese social media platforms to “rectify” financial self-media accounts
SHANGHAI (Reuters) – China’s excessive social media platforms, Wechat, Douyin, Sina Weibo and Kuaishou, acknowledged on Saturday they’d begin to rectify irregular practices of “self-media” accounts that publish financial knowledge, reported state media Global Times.
This follows an announcement by China’s our on-line world regulator, the Cyberspace Administration of China (CAC), that it would look into accounts which have repeatedly launched financial data illegally, distorted financial protection interpretation, badmouthed financial markets, unfold rumours and disrupted neighborhood communications.
The time interval “self-media” is mostly used on Chinese social media to describe independently operated accounts that produce distinctive content material materials nonetheless won’t be formally registered with the authorities.
Wechat acknowledged in an announcement on Saturday that from now until Oct. 26, it would study and shut down financial self-media accounts that “badmouth the financial market” and “blackmail and unfold rumors.”
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