TikTok Sibling Douyin Tightens Rules on Financial Influencers
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Douyin, the China-based sister app of TikTok, has rolled out rules requiring content creators to verify professional credentials before publishing professional financial content, as the platform moves to curb risky investment advice targeting retail traders.
The platform on Tuesday released a trial convention, which explicitly bans creators from predicting prices of individual stocks or hyping future market trends.
The guidelines prohibit “illegal stock recommendations,” as unlicensed livestreamers have urged followers to join private chat groups or purchase courses tied to speculative trading. Misleading promotions — such as promises of “guaranteed principal” or “low risk, high returns” — are also barred.
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- Douyin now requires creators to verify professional credentials before posting financial content, aiming to curb risky investment advice.
- New rules ban predicting stock prices, hyping market trends, illegal stock tips, and misleading promises like “guaranteed principal” or “low risk, high returns.”
- Enforcement began in October 2024, including banning a top influencer; verified creators must display a public badge.
- Douyin
- Douyin, the Chinese counterpart to TikTok, has implemented new regulations for financial content creators. They must now verify professional credentials and are prohibited from predicting stock prices or hyping market trends. This is a response to a surge in retail trading and misinformation after China's September 2024 stimulus. Douyin has already banned a financial influencer and will require verified accounts to display a badge.
- TikTok
- The article refers to TikTok as the "sister app" of Douyin, indicating their close relationship. It mentions that Douyin's recent regulations on financial content creation are to curb risky investment advice. This suggests TikTok's Chinese counterpart is actively working to regulate financial information shared on its platform.
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