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Cyberspace Administration Shut Down 1,793 Financial Commentators’ Social Media Accounts

On September 8, days after the Cyberspace Administration announced its plan to crack down on independent financial commentators for bad-mouthing China’s economy, it announced that it has identified 2,929 illegal accounts and suspended 1,793 of those accounts. Three of those suspended accounts had over one million followers including one account which had three million followers. The Cyberspace Administration also deleted over 40,000 “harmful postings.”

On August 27, the Cyberspace Administration had announced that it would clamp down on illegally collecting, editing and publishing financial information on commercial websites and self-media. China’s major social medial platforms WeChat, the Baidu Group, Douyin, and Kuaishou immediately announced that they would comply with the official policies and regularly publish their progress reports.

On September 9, the Shanghai Securities Regulatory Bureau released a preliminary report which stated that, as part of the crackdown effort, they have banned 3,187 audio files, films, and programs and closed 53 live broadcast studios.

Source: Tencent QQ, September 9, 2021