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China targets financial misinformation, closes online accounts, websites

( May 26, 2025, 04:54 GMT | Official Statement) -- MLex Summary: China's Internet and financial authorities have shut down several online accounts and websites accused of spreading false capital-market information, engaging in illegal stock recommendations, hyping virtual currency trades, or disseminating information on illicit and gray market activities in the financial sector. The Cyberspace Administration of China has urged netizens and investors to enhance awareness of risk prevention, strengthen the discernment of financial information and guard against personal property loss or information leaks. In a sign of deepening efforts to rectify the disorder in online financial information, the authorities vowed to maintain a stringent crackdown on illegal activities and encouraged public reporting of any suspicious activities.The statement follows:...

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