FINANCE

Chinese Stock Platform Bans 22 Accounts in Market Misinformation Crackdown

Published: Jan. 21, 2026 6:53 p.m. GMT+8

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Xueqiu

Chinese regulators and social platforms are tightening controls on unlicensed financial advice and social media-driven speculation, amid concerns over market manipulation by online stock influencers.

Xueqiu, a major Chinese online stock investment community, said Tuesday that it had permanently suspended 22 user accounts.

The move followed an announcement late Monday that the platform had launched a campaign tied to a regulatory drive to root out false information linked to China’s capital markets.

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Chinese regulators and platforms like Xueqiu are cracking down on unlicensed financial advice and market manipulation by online influencers.
Xueqiu permanently suspended 22 accounts and launched a campaign targeting false information, hype, and illegal investment schemes.
Similar actions include penalties against individuals like Jin Yongrong and Douyin’s new rules banning unlicensed stock tips.

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Who’s Who

Xueqiu: Xueqiu is a prominent Chinese online stock investment community. It recently suspended 22 user accounts as part of a campaign targeting market manipulation and excessive stock hype. This action aligns with a broader regulatory push to combat false information in China's capital markets. Xueqiu's move also follows penalties against one of its account operators for market manipulation.

Douyin: Douyin, TikTok's sister app in China, has recently implemented new rules. These regulations prohibit unlicensed creators on the platform from offering stock tips or making price forecasts. This move is part of a broader trend among Chinese social platforms to tighten controls on financial advice and combat market manipulation driven by online influencers.

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What Happened When

December 2025：: Douyin rolled out rules barring unlicensed creators from offering stock tips or price forecasts.

January 19, 2026：: Xueqiu announced it had launched a campaign tied to a regulatory drive to root out false information linked to China’s capital markets.