WeChat: Strengthen governance of irregular behaviors by "self-media" in the financial sector

According to the WeChat Coral Security public account, WeChat has released an announcement regarding the strengthening of governance over the violations of "self-media" in the financial sector. The WeChat platform is committed to creating a green and safe online environment. The platform advocates for professional securities companies and securities investment consulting institutions, as well as "self-media" accounts in finance and securities with professional qualifications, to publish rich, authoritative, and truthful content. However, those without professional qualifications providing stock recommendation services, fabricating and disseminating false information, inducing users to invest, committing fraud, and distorting national economic policies are behaviors that violate relevant national laws and regulations as well as platform rules, and the platform will further deepen its governance. In accordance with the requirements of the "Notice on Strengthening the Management of 'Self-Media'" and the "Notice on Carrying Out the 'Clear and Bright: Rectification of 'Self-Media' Publishing False Information' Special Action," the platform will further prevent and govern violations such as distorting macroeconomic policies and disrupting economic and social order. In particular, for those fabricating and disseminating false information, inducing users to invest or committing fraud, and providing stock recommendations without qualifications, the platform will take graded measures against accounts based on the severity of the violations, including restricting traffic, fixing fan growth, suspending profit-making permissions, banning accounts, and closing accounts