Rumor-makers were severely punished and netizens were detained for 10 days for disseminating false news of central bank interest rate cut

category:Finance
 Rumor-makers were severely punished and netizens were detained for 10 days for disseminating false news of central bank interest rate cut


The police reminded that the Internet is not an extrajudicial place. The vast number of netizens are invited to create a harmonious, civilized and clear cyberspace without rumors, rumors or rumors.

Fabricate rumors of interest rate cuts

Following the administrative detention of the lowered standard rumorers, the public security department once again punished the financial market rumorers. Since this year, the central bank has taken serious measures to deal with the rumors of interest rate reduction on the Internet, not only to clarify and respond in time, but also to report cases to public security organs on many occasions.

On August 7, the official Wechat Public Number of the Central Bank announced that a few days ago, there was news on the Internet that the Peoples Bank of China decided to reduce the benchmark interest rate of RMB loans and deposits of financial institutions from August 10, 2019, which was false news. The Peoples Bank of China has reported the case to the public security organs.

Securities Times reporters learned that the central bank and the public security organs have a special cooperation mechanism, which can monitor network rumors, negative public opinion and other all-weather. From the timely clarification and reporting of the rumors of interest rate reduction by the central bank and the arrest of the rumors by the public security organs, we can see that the central banks firm attitude towards the monetary policy rumors is not only a reminder to the rumors of the financial market, but also a reminder to all participants in the financial market - not to believe the rumors, not to spread gossip.

Belonging to illegal acts

Fabrication and dissemination of false financial information is strictly prohibited by our laws and regulations. Article 78 of the Securities Law expressly prohibits the fabrication and dissemination of false information, that is to say, State functionaries, media practitioners and related personnel are prohibited from fabricating and disseminating false information and disturbing the securities market. Securities exchanges, securities companies, securities registration and settlement institutions, securities service institutions and their employees, securities associations, securities regulatory bodies and their staff are prohibited from making false statements or misleading information in securities trading activities. All kinds of media must be authentic and objective in disseminating securities market information, and misleading is forbidden.

In recent years, Chinas financial regulatory authorities have intensified their efforts to crack down on the fabrication and dissemination of financial false information. For example, the four administrative punishment decisions issued by the SFC in mid-August are about the punishment of fabricating and disseminating false information. Four people are punished for fabricating and disseminating Bloomberg News. Yi Huiman, the new chairman of the SFC, said at a press conference that in 2019, the main task is to implement short-selling mechanism and other false information, totaling 560,000 yuan (of which Chen Mou, who fabricated and disseminated false information, is punished). A fine of 200,000 yuan shall be imposed, and a fine of 120,000 yuan shall be imposed on three other individuals who disseminate false information. The CSRC said on February 1 this year that fabricating and disseminating false information is strictly prohibited by securities and futures laws and regulations, and has always been the focus of the inspection and law enforcement of the CSRC. In recent years, the CSRC has performed its regulatory duties in accordance with the law and resolutely investigated and punished the acts of fabricating and disseminating false information. Since 2016, 17 related cases have been handled, 13 administrative penalties have been imposed according to law, and Tonghuashun Network, Zeng Moxiong, Cao Mou and others have been seriously investigated and dealt with; 2 cases have been transferred to public security organs for public security penalties. Source: Responsible Editor of Securities Times: Yang Qian_NF4425

In recent years, Chinas financial regulatory authorities have intensified their efforts to crack down on the fabrication and dissemination of financial false information. For example, the four administrative punishment decisions issued by the SFC in mid-August are about the punishment of fabricating and disseminating false information. Four people are punished for fabricating and disseminating Bloomberg News. Yi Huiman, the new chairman of the SFC, said at a press conference that in 2019, the main task is to implement short-selling mechanism and other false information, totaling 560,000 yuan (of which Chen Mou, who fabricated and disseminated false information, is punished). A fine of 200,000 yuan shall be imposed, and a fine of 120,000 yuan shall be imposed on three other individuals who disseminate false information.

On February 1 this year, the SFC said that fabricating and disseminating false information is strictly prohibited by the laws and regulations of securities and futures, and has always been the focus of the SFCs inspection and enforcement. In recent years, the SFC has fulfilled its supervisory duties according to law and resolutely investigated and dealt with the fabrication and dissemination of false information. Since 2016, 17 related cases have been handled, 13 administrative penalties have been imposed according to law, and Tonghuashun Network, Zeng Moxiong, Cao Mou and others have been seriously investigated and dealt with; 2 cases have been transferred to public security organs for public security penalties.