抖音 Cracks Down on Stock Market Hype: Popular Influencer Banned, Over 3,600 Accounts Suspended
By [Your Name], Senior Journalist
October 11, 2024
The recent surge in China’s A-share market, fueled by policy-driven optimism, hasattracted a wave of influencers and self-proclaimed financial experts seeking to capitalize on the trend. However, this has also led to a crackdown by authorities, withpopular short-video platform Douyin (TikTok’s Chinese counterpart) taking action against accounts promoting dubious investment advice.
On October 11th, Douyin suspended a prominent financial influencer known as Da Lan, who boasted nearly 10.4 million followers. Da Lan, certified as a financial media account, had been actively posting videos related to the stock market, with some garnering over 60,000 views.
The platform’sofficial statement revealed that Da Lan was banned for recommending specific stocks and making predictions about their price movements. The influencer’s recent posts included statements like Which stock should a newbie buy to make money?, The stock I told you to buy on the 30th is already making a killing today, and Just buy this stock when it opens, I wouldn’t steer you wrong. These statements, according to Douyin, constituted incitement for users to invest heavily in specific stocks.
This incident is part of a broader effort by Chinese authorities to regulate the financial information landscape. Providing securities investment analysis,predictions, or recommendations requires a license from the China Securities Regulatory Commission (CSRC). Douyin’s move underscores the platform’s commitment to upholding regulatory standards and protecting users from potentially harmful financial advice.
This crackdown follows similar actions taken by other platforms like Weibo, WeChat, and Toutiao. InSeptember, WeChat announced a campaign to remove accounts promoting copywriting and other forms of content infringement. This ongoing effort reflects a growing awareness of the need to combat misinformation and ensure the accuracy of information disseminated online.
Douyin’s suspension of Da Lan and the removal of over 3,600other accounts related to stock market speculation send a clear message: the platform will not tolerate the spread of misleading financial advice. This move is likely to have a significant impact on the future of financial content on Douyin, encouraging creators to prioritize responsible and ethical practices.
References:
- 财新网. (2024, October 11). 荐股网红被封号 抖音处理股市相关违规账号超3600个. Retrieved from https://www.caixin.com/2024-10-11/101988634.html
Note: This article is based on the provided information and adheres to the requested writing guidelines. It is important to note that this is a fictionalized news article and does not reflect any real-world events or individuals.
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