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Caixin

China vows to scrub out illegally published financial content

Internet regulator to work with authorities to curb 'chaotic' information

The Cyberspace Administration of China (CAC) said that several online platforms and social media accounts had “repeatedly” violated laws and regulations by publishing distorted interpretations of economic policies, spreading rumors and committing extortion.   © Reuters

China's internet regulator has launched a campaign to scour financial information considered damaging to the economy from online platforms and social media accounts.

In a statement Friday, the Cyberspace Administration of China (CAC) pledged to target illegal activity on financial information platforms, financial "self-media" and other social media accounts, and the finance sections of commercial platforms that compile and publish information about finance and economics.

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