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By Han Wei / Dec 27, 2018 06:27 AM / Finance

Photo: VCG

Photo: VCG

China’s cyber watchdog Wednesday issued new regulations to put domestic financial information providers under closer scrutiny in a bid to curb content distribution that may hurt the country’s financial stability.

The Cyberspace Administration of China (CAC) said in a statement that financial information providers are not allowed to publish and distribute content distorting the country’s fiscal and monetary policies or disturbing the economic order.

Content instigating financial fraud and involving false information that could move stock, fund, futures and foreign exchange markets are also strictly banned, according to the statement.

The new regulation, to take effect Feb. 1, will be applied to domestic content providers offering information services to clients in financial analysis, financial trading and financial decision-making. News agencies are not included, according to the CAC.

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