# Xueqiu
Latest news and articles about Xueqiu
Total: 2 articles found
China Purges Financial Influencers After ¥83m Penalty Exposes Social‑Media Stock Racket
Chinese regulators and major tech platforms have moved to punish and deplatform influential stock‑picking social media accounts after a high‑profile ¥83 million penalty exposed systematic manipulation. The coordinated action targets a wider problem: monetised investment communities and celebrity traders whose recommendations materially sway prices and leave retail investors exposed.
Chinese Regulator Bans and Fines Social‑media Stock Pundit After Finding ‘Hat‑Snatching’ Manipulation
Zhejiang securities regulators have fined and banned a well‑known Xueqiu account operator, Jin Yongrong, for manipulating markets by recommending stocks and then selling into the buying pressure he created. The bureau confiscated RMB 41.62 million in illicit gains, imposed an equal fine and a three‑year market ban, rejecting Jin’s defenses about intent and reach.